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Boss can u comment on your radical bolinger band.BullBear52x wrote:First short term counter trend sell. come2papa setup.
just like any overlays or indicators I use them in conjunction with chart pattern. overshoot above BB or %B >1, I see them as overbought and very bullish, depends on the consolidation phase to follow (relief rally pull back) will determine the breakout, The move up (continuation) or Down (reversal) in trend.Al_Dente wrote:Boss can u comment on your radical bolinger band.BullBear52x wrote:First short term counter trend sell. come2papa setup.
How do u use it here?
I’ve been eyeballing it and I find that when price overshoots the upper band, it seems to “predict” a little (temporary) sideways or down move.
Thanks in advance
Al_Dente wrote:Thanks boss, u ‘da man
maybe like this, R2 possible next week...after that, who knows, the world is heatin up...uempel wrote:Several indicators on SPX daily log show the importance of this week's action. Difficult to assess what's going to happen, but most likely the rally is going to continue. Why? Looks like resistance is broken (2369 - not yet sure about resistance 2385) and Bullish Percentages are positive too. Unless CIC sends out some dumb tweets this week the move up might continue.
http://stockcharts.com/freecharts/candl ... ,$BPENER|B|