fehro wrote:SPX struggles at resistance… hourly.. inverted hammer… way too early.. VIX still holds up.. seems a pullback is coming question is how far down, or sideways downdraft chop
in the past bull will try another push up from here. let's see whether they can make it.
down before up would be better for the bulls.. imho .. invs H&S vs a bearish rising wedge.. overall.. talking 2days (RS)(invs H&S) -4 days (bear wedge) time frame.. fwiw.
hmm, depends on the time frame? push past the resistance to confirm bottom reversal, but risk bigger retreat as bull exhaust, while a retreat without breaking resistance then short term still neutral while bull may continue to push after small retreat. pretty much the two sides of coin.
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yes… need these to play along nicely together DXY D /GC M/W/D - DXY inverted hammer/gravestone looking today.. paint may finally be dry.. "bigger move soon" cue broken record
I'm convinced that these kind of cycles are programed into algos. The turns we see here are much too smooth to be coincidence. I believe they are artificially generated. For the small trader the trick is to A) find the system behind the algo and B) to sit tight and trade along the robots. Much better than condemning Wallstreet. Without predictability trading would be much more difficult.
uempel wrote:I've been looking at this chart for a week now.
I'm convinced that these kind of cycles are programed into algos. The turns we see here are much too smooth to be coincidence. I believe they are artificially generated. For the small trader the trick is to A) find the system behind the algo and B) to sit tight and trade along the robots. Much better than condemning Wallstreet. Without predictability trading would be much more difficult.
The attachment A.png is no longer available
Thank you,
copied your chart, so no oval intersecting boundaries until next red circle? marked...
uempel wrote:I've been looking at this chart for a week now.
I'm convinced that these kind of cycles are programed into algos. The turns we see here are much too smooth to be coincidence. I believe they are artificially generated. For the small trader the trick is to A) find the system behind the algo and B) to sit tight and trade along the robots. Much better than condemning Wallstreet. Without predictability trading would be much more difficult.
The attachment A.png is no longer available
There's a lot of cycles at play all at the same time....I see a cycle hit next week sometime...could be higher low....??
But Dow still has not made a lower low....I'm sure the algo's will want to test that....
uempel wrote:I've been looking at this chart for a week now.
I'm convinced that these kind of cycles are programed into algos. The turns we see here are much too smooth to be coincidence. I believe they are artificially generated. For the small trader the trick is to A) find the system behind the algo and B) to sit tight and trade along the robots. Much better than condemning Wallstreet. Without predictability trading would be much more difficult.
A.png
maybe it is not algo, may be it is not all artificial, maybe uempel discovered the biggest secret of human history?
The crossover you marked shows resistance and a time signal. But the only sure thing is the time signal on the y-axis. The resistance level only comes into play if SPX feels like moving higher.
brokebybernacke2 wrote:
uempel wrote:I've been looking at this chart for a week now.
I'm convinced that these kind of cycles are programed into algos. The turns we see here are much too smooth to be coincidence. I believe they are artificially generated. For the small trader the trick is to A) find the system behind the algo and B) to sit tight and trade along the robots. Much better than condemning Wallstreet. Without predictability trading would be much more difficult.
A.png
Thank you,
copied your chart, so no oval intersecting boundaries until next red circle? marked...
as we near the end of week.. it's that time for the "paint" battle.. bulls want a hammer by tomorrows close.. bears doji/or bigger body down candle. SPY W