The start of a new trade?

The chart below is the beginning of a new trade. I look for 6 key events to occur. The chart below has 5 of the 6 criteria I am looking for. 5 of 6 is good enough if price is one of the 5. Price closed above the 20 ma. Combine 5 signals with the fact TMF is $6 below the 200 dma.

Price likes to return to the 200 dma. I really like when I get a buy signal and price is below the 200 ma. It is easy to move the price back to the 200 ma. #spy

tmf2717

 

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