Hi everyone...this my first post and I'm sharing my Daily SPY chart.
I'm a big believer in repetitive "master" lines that once identified can be used to predict future pivot points.
I use this chart both in Daily and Hourly timeframes and mostly trade SDS options to get 2x movement on the SPY on shorter timeframes often times holding a position for 2-3 days.
I started investing in Silver this year and hold long leap options for SLV and AGQ.
I'm also holding positions in SID, which I have followed for years and finally took the plunge accumulating long term position.
I might share those charts too if there's any interest.
For most of you, the lines on my chart should be mostly self-explanatory.
I see chart as a work of art that "reveals" things to people.
If you have any comments...I would welcome them.
The most interesting thing on this chart is the green triangle that terminates toward the end of March...
LuvToChart wrote:Hi everyone...this my first post and I'm sharing my Daily SPY chart.
I'm a big believer in repetitive "master" lines that once identified can be used to predict future pivot points.
I use this chart both in Daily and Hourly timeframes and mostly trade SDS options to get 2x movement on the SPY on shorter timeframes often times holding a position for 2-3 days.
I started investing in Silver this year and hold long leap options for SLV and AGQ.
I'm also holding positions in SID, which I have followed for years and finally took the plunge accumulating long term position.
I might share those charts too if there's any interest.
For most of you, the lines on my chart should be mostly self-explanatory.
I see chart as a work of art that "reveals" things to people.
If you have any comments...I would welcome them.
The most interesting thing on this chart is the green triangle that terminates toward the end of March...
Welcome aboard!
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futures are acting surprised at the expected news: •TSIPRAS SAYS GREEK PEOPLE HAVE WRITTEN HISTORY
•TSIPRAS SAYS GREECE IS TURNING PAGE, LEAVING AUSTERITY BEHIND
•TSIPRAS SAYS BAILOUT AGREEMENTS HAVE ENDED FOR GREECE
•TSIPRAS SAYS TROIKA ERA IS OVER FOR GREECE
•TSIPRAS SAYS SYRIZA GOVT READY TO NEGOTIATE, COOPERATE ON DEBT
•TSIPRAS SAYS OLIGARCHS, ELITES IN GREECE HAVE BEEN DEFEATED
•TSIPRAS SAYS SYRIZA VICTORY IS VICTORY FOR PEOPLES OF EUROPE
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
LuvToChart wrote:Hi everyone...this my first post and I'm sharing my Daily SPY chart.
I'm a big believer in repetitive "master" lines that once identified can be used to predict future pivot points.
I use this chart both in Daily and Hourly timeframes and mostly trade SDS options to get 2x movement on the SPY on shorter timeframes often times holding a position for 2-3 days.
I started investing in Silver this year and hold long leap options for SLV and AGQ.
I'm also holding positions in SID, which I have followed for years and finally took the plunge accumulating long term position.
I might share those charts too if there's any interest.
For most of you, the lines on my chart should be mostly self-explanatory.
I see chart as a work of art that "reveals" things to people.
If you have any comments...I would welcome them.
The most interesting thing on this chart is the green triangle that terminates toward the end of March...
Welcome. That chart reminds me of an old friend's charting habits
For next week, crude oil monthly candle closing should give us a clear hint of whether going near the $33.2 extreme level is viable or not.
CL is below daily 8EMA, 20EMA once again after hitting $51.xx with the hourly oversold bounce on Jan 15th.
Bears still fully dominate on daily/weekly/monthly scale. As long as no surprise bull attack above $50-52, should ride this baby down to $40 which is the next immediate target.
The important support levels are $40 and 33.2 should $44.2 decisively break and accelerate bears again. Keep riding shorts from $100-$90 till it dies!
And this adds to the SPX problems… Earlier Sunday, the National Weather Services upgraded its blizzard watch to a blizzard warning for the area from northern New Jersey through southern Connecticut, including New York City. Twenty to 30 inches of snow is possible with winds gusting 55 to 65 mph.
The Weather Service says whiteout conditions will make travel extremely dangerous in the entire affected area. The blizzard warning is in effect from 1 p.m. Monday through Tuesday, with the worst conditions expected from late Monday evening through midday Tuesday.http://www.cnn.com/2015/01/25/us/weathe ... index.html