There's a time signal on the x-axis of this SPX 60 min chart. Note that the time signal doesn't suggest a y-axis target, it's only a time signal. These red ellipses (I have erased some) have been quite good recently.
For those who don't know: ellipse time signals show a precise time when the traders/the algos try to move the market. It can be a good move to the upside or the downside. And sometimes it's a dud
Last edited by uempel on Tue Jan 12, 2016 2:41 pm, edited 1 time in total.
no exceeds mini target but no lower low so bulls still alive.
Attachments
Like to read more of my commentaries? Please subscribe my Daily Market Report. Subscribers can find all the members only posts HERE. StockCharts members, please vote for me HERE, thanks.
uempel wrote:There's a time signal on the x-axis of this SPX 60 min chart. Note that the time signal doesn't suggest a y-axis target, it's only a time signal. These red ellipses (I have erased some) have been quite good recently.
For those who don't know: ellipse time signals show a precise time when the traders/the algos try to move the market. It can be a good move to the upside or the downside. And sometimes it's a dud
S2.png
11 minutes to go and most likely (?) it's a bullish move ...
no good, probably just a 3 push up rebound (if lucky) instead of double bottom.
Attachments
Like to read more of my commentaries? Please subscribe my Daily Market Report. Subscribers can find all the members only posts HERE. StockCharts members, please vote for me HERE, thanks.