GP - if a leveraged etf is stg1 (drn), but the unleveraged equivalent is breaking out in stg2 (xlre), do you still add to drn, or wait for it to also get in stg2? Thanks 🤗
Use the un-leveraged chart, XLRE, for your trading decisions. XLRE is in a stage 2 breakout, this is the last chance to get in your DRN buy. However, the RSI is now 57 on the XLRE, so the trade is past a buy point. You could look to add on price pullback or any weakness, RSI <50.
So much info. Hard to go wrong
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Thank u so much, Gerald
Wow… super thorough! Thanks GP!
you're very welcome, Luke!!
Best teacher in the game. This write up is impeccable 😎
Thank u so much, Ben 🤘
Thanks GP lots of gems here! JNJ 🎯 DRN next #MFG
Thank u very much, Angelica. JNJ was amazing wasn’t it?!
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GP - if a leveraged etf is stg1 (drn), but the unleveraged equivalent is breaking out in stg2 (xlre), do you still add to drn, or wait for it to also get in stg2? Thanks 🤗
Using drn and xlre just as examples
Use the un-leveraged chart, XLRE, for your trading decisions. XLRE is in a stage 2 breakout, this is the last chance to get in your DRN buy. However, the RSI is now 57 on the XLRE, so the trade is past a buy point. You could look to add on price pullback or any weakness, RSI <50.
Another amazing Peters Report. Thank you so much GP and Jess 🔮🐐
You’re welcome, Ethan 🤝🙌🏼🙏🏼
Appreciate u, fam 🤝🐼