SOXS: Technical Analysis: Timing the TradeThe best time to enter a trade is the time that the price reaches a daily high or daily low. Adjust your entry time as the market progresses. According to the stats of SOXS:Up Trend If the price is up 5%+, the best time to trade is between 1.8 and 1.5 hours before the market close. If the price is up 10%+, the best time to trade is between 0.8 and 0.7 hours before the market close. If the price is up 15%+, the best time to trade is between 0.7 and 0 hours before the market close.
Down Trend If the price is down 5% or more, the best time to trade is between 3.2 and 3.3 hours before the market close. If the price is down 10% or more, the best time to trade is between 1.8 and 2.1 hours before the market close. If the price is down 15% or more, the best time to trade is between 1.3 and 1.4 hours before the market close. |