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20ema+50sma, this btw is what many mean by the term "confluence zone". Or sometimes just confluence. Many systems are keying off the one or the other, so it can become an inflection point, for a reversal or an accelerated continuation.Unique wrote:ES: target daily 20ema+50sma
BTW 15m 200sma is only good for indices, it's useless for high beta stocksDaniel wrote:In the world of daytrading, shorter timeframes than daily are used, often the 15min and 30min 200ema is employed as a major indicator of market slope and direction.
The 5min and shorter charts tend to be more of use in scalping, options trading, and fine tuning entries and exits.
The SPY 15min 200ema is currently about 211 and change, and price all morning has been flirting with that level. As mentioned yest., it has been many days since SPY has spent more than a half hour below this (still upsloping) level.