This Is What To Wait For To Buy

Posted by Joe Duffy | May 2, 2024 | Joe Duffy's Trading Advantage | 0 |

On Wednesday FOMC day I was specific in this commentary that I was looking for a rally post FOMC followed by a decline closing at the lows as an ideal scenario to set up a low. That is exactly what happened. So as it was happening I was busy looking for great setups to get long. Except I didn’t really find any great ones — just some okay setups that didn’t really make me want to click the mouse to buy immediately. So I am still waiting. Apple earnings,after the close Thursday. I am not bearish. I am bullish waiting to get in. Being a couple days early could be quite costly in this volatility, so if it isn’t screaming at me, I am not taking the trade. Once again, and always, patience pays.

Thanks,

Joe

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Joe Duffy

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