The market had a nice move up due to the Federal Open Market Committee (FOMC) meeting last week. Gold (GLD) did go, but it was a trap.
GLD had already been running for a very long time and was not in a good place to go long. Here I will show you all the things that the Moxie Indicator™ system had which told us why GLD was a poor long. Let’s review:
How will this stock market play out after a week of back-and-forth? Outside news events – central bank speeches and earnings season reports – continue to influence price action. How do you trade a market with this level of uncertainty? Members of my Moxie Indicator™ Mastery Program learn how to combine fast-moving signals and track movement as the market flips and flops in the volatility. Join us as we track the profit opportunities!
Your Profit Pilot, TG