Mr. BachNut wrote: 184.28 tagged to the penny.
So, normal into expiration might include an attempt on the 185 strike and/or the 183 strike, but 184 seems the probable center of gravity. We'll see.
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
Coming up on potential time signal (+/-) and possible ending wave count....look for a potential reversal soon?? we'll see...need to see higher high first...
uempel wrote:Ha, and I was just about to post this chart with a possible opex target of 1850 Let's see who wins this Olympian contest, P-Bars or Ellipses
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Undervalued opening long ALL and Equity option sentiment today again confirmed yesterday's major buy signal.
In the past sequential ISE signals meant a larger magnitude move when most least expected it.
Another Positive Price Reversal has shaped up on the SPX 60 min RSI. The last one I mentioned on 2/13 projected to 1844 and that was confirmed in 4 days, which is actually a stretch for this indicator (time wise.) There are currently 2, one calculates out to 1846, and has a higher probability than the one that calculates out to 1863. These are discussed in Connie Brown's "Technical Analysis for the Trading Professional" and are briefly mentioned in the Stockchart's Chart School on RSI, although they don't cover the calculation. I've been using them since 2009, and on the 60 min chart, they usually confirm, or not, within 1 to 5 days. A failure swing on the RSI without confirmation, cancels the set-up (from my experience). A confirmation indicates a continuation of the trend, and non-confirmation indicates a change in momentum, and probable reversal (for swing trades).
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Last edited by rhight on Thu Feb 20, 2014 7:34 pm, edited 1 time in total.
Swing to Intermediate SPX Analysis - multiple time frame - Daily & 60 min time and price cycle analysis.
Usually trade SSO / SDS
range breakdown, tinted area the target which I don't believe as mostly it's fake.
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TraderGirl wrote:Coming up on potential time signal (+/-) and possible ending wave count....look for a potential reversal soon?? we'll see...need to see higher high first...
Reversal right on the money at 10:40 am PST...there is another potentially at 12pm PST...but looking eventually to see lower prices than "A"...
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