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Home Posts countertrend trade

What is a Counter-trend Trade?

sspencer02/18/2013General Comments, Trading Ideas, Trading Lesson6 Comments

The counter-trend trade has been the trade of the year thus far in the market. The trade is expressed via a long position in the SPY after a down move to recent support. The idea behind this trade is the market has a strong underlying bid and when it pulls back to a prior support level buyers will step into … Read More

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