The 3 Reasons We Bought the SPX This Morning

2023-10-17 / Chris Brecher

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I like to have at least 3 reasons to initiate a trade. Today, near the opening, we saw internals were improving and the IWM soaring, while the SPX made new lows. We then waited for a cross of the 1-minute ATR trailing stop to go long.

Chris Brecher