Unique wrote:ES if take out 2018 we target 2011 immediately.
Let's see if bears finally woke up, otherwise this is the usual risk 3 for 10 bounce at hourly moving average
Sticksave at hourly ES 100sma so far....3 for 10 trade going well.
3 minutes until 15minute ES closes as bull sticksave bar. Bears didn't wake up
ES: Indeed, a 15m bull bar reversal. Now we need follow through. We can always count on the bulls
This monthly chart shows the importance of SPX 2040
But this chart is actually about MA 9 on the monthly. If SPX manages to close the month above MA 9 (now at 2050) the market tends to stay above MA 9 for at least a few months. And should somebody not notice: MA 9 on the monthly is a smart indicator. Those traders/investors who went long in January 2012 (buy signal because SPX closed above MA 9) were long for 42 months and nearly 880 handles ..
Last edited by uempel on Wed Oct 21, 2015 11:16 am, edited 2 times in total.
Unique wrote:ES if take out 2018 we target 2011 immediately.
Let's see if bears finally woke up, otherwise this is the usual risk 3 for 10 bounce at hourly moving average
Sticksave at hourly ES 100sma so far....3 for 10 trade going well.
3 minutes until 15minute ES closes as bull sticksave bar. Bears didn't wake up
ES: Indeed, a 15m bull bar reversal. Now we need follow through. We can always count on the bulls
Almost above 2025.5. When it gets above, set stop to 2022 for guaranteed green.
Target is still 2029-2030 for now. Planning to exit half at 2027.00
uempel wrote:This monthly chart shows the importance of SPX 2040
But this chart is actually about MA 9 on the monthly. If SPX manages to close the month above MA 9 (now at 2050) the market tends to stay above MA 9 for at least a few months. And should somebody not notice: MA 9 on the monthly is a smart indicator. Those traders/investors who went long in Januar 2012 (buy signal because SPX closed above MA 9) were long for 42 months and nearly 880 handles ..
asw.png
8 sessions left for monthly candle closing. Should result in a top tail candle
2nd test of day low, if cannot make decisive new low then bears are over AGAIN. key time.
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