Zoom in on SPY: Bulls hoping for Mid BB/20 MA support, Bears still on the driver seat per my time frame, trades under 5 DMA is down trend, sell the Rally is my game. there is few signs of improvement on the bullish argument but SPY need to trade well above 132 or above 5 DMA to convince me of that view.
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My comments are for entertainment/educational purpose only. NOT a trade advice.
Intraday: the Bearish divergence we got on Thursday failed to make a new low is an early sign of a turning point. On Friday at the very end of day we got another bearish divergence, again bears had an upper hand again, a gap up or trade up from here is more inviting to the bears. for me, a trade above 132 is cover first ask later, if we trade down but new recent low can not take out I will be doubtful in bears.
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My comments are for entertainment/educational purpose only. NOT a trade advice.
This is for educational purpose only!!!!!not a holly grail of signals.
Here is the intraday BUY/SELL signal, what I look for. since we all know the computer buy/sell is more in the work than ever, they must got the input of some sort to program. I look at the strength (RSI of major indexes) Buying/Selling action (TICK/TICKQ) and Fear (VIX, VXN, VXD).
Chart setting: 1 min.; RSI=50; Ma=200; MA band=18,10,1
equity buy:
indexes RSI > 50
VIX RSI < 50
TICK MA band > 200 MA
Equity sell is vise versa.
here illustration from Friday intraday where the buy/sell occurred. some day is messier then the other especially the major event days.
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My comments are for entertainment/educational purpose only. NOT a trade advice.
UNG is beauty, short term is bullish as a chart can be, break out the bottom base. on daily looking at long date CCI, now trades back above 0, 12.5 is minimum target. buy that dips!
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My comments are for entertainment/educational purpose only. NOT a trade advice.
BullBear52x wrote:This is for educational purpose only!!!!!not a holly grail of signals.
Here is the intraday BUY/SELL signal, what I look for. since we all know the computer buy/sell is more in the work than ever, they must got the input of some sort to program. I look at the strength (RSI of major indexes) Buying/Selling action (TICK/TICKQ) and Fear (VIX, VXN, VXD).
Chart setting: 1 min.; RSI=50; Ma=200; MA band=18,10,1
equity buy:
indexes RSI > 50
VIX RSI < 50
TICK MA band > 200 MA
Equity sell is vise versa.
here illustration from Friday intraday where the buy/sell occurred. some day is messier then the other especially the major event days.
Got you, thanks!
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