5 Signals I Need to Turn Bullish

5 Signals I Need to Turn Bullish

5 Signals I Need to Turn Bullish

 

There are so many traders and investors that remain bullish even when the stock market is under distribution. Here are 5 things I need to see to become bullish again and stop shorting strength and start trading on the long side.

  1. $QQQ needs to close over the 200 day as my first sign of bull power and the potential for a return to all-time highs.
  2. All stock indexes need to begin to trade above the 5 day EMA consistently.
  3. The market needs the shorter term moving averages to begin to cross back over the longer term moving averages. Like the 21 day EMA over the 50 day SMA etc.
  4. The up days need to be on higher volume than the down days.
  5. The MACD bullish crossover needs to hold.

If all these signals are met, I will become bullish again. Until then, the bears have control.