At ETF Trade Advisor we constantly run our algorithms and use our trading experience of over 30 years to find entry and exit positions and to set risk control stop prices. Last week we were getting ready to enter into short positions, but we were not getting sufficient confirmation and, rightly so.
This week market is undecided, and it keeps making lower highs. We are technical traders and price biased. Therefore, we are still on the sideline ready to enter the trend in whatever direction the market sustains traction. So that is the update; we are on deck ready to launch a signal for SPY and SSO.
Stay alert for emails and check the “Member’s Signal Page”
Happy Holidays from all of us at ETF Trade Advisor team!