On my charts we are testing the 50MA 5min TF, the open price, and backtesting the lower channel we broke down through yesterday.. seems like a lot of resistance there. We'll see.
Ellipses generate great signals - but the important part is do get the direction right. Al_Dente devised a 1 min which I like - it's about 3 years old Anyway, thanks to ellipse, channel and Al_Dente today was easy
Al's 1 min - sorry, only for stockchart subscribers:
uempel wrote:Ellipses generate great signals - but the important part is do get the direction right. Al_Dente devised a 1 min which I like - it's about 3 years old Anyway, thanks to ellipse, channel and Al_Dente today was easy
this bull still has legs, may test yesterday's high at least?
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.
Al_Dente wrote:Anyone have any good comments on this?
430rut rui_png.png
No comment to your specific chart - but all the large capitalization stocks are up, except Walmart. The whole thing i.e. the rally tastes sooooo liquidity driven, I guess many old proven indicators don't work at the mom
Thanks BB... Are you looking south here? Just shorted at 1584 this morning and the kicked my butt again. Butt getting quite sore!
Thanks
I don't see much more than 3 handles on /es. from here.1587 will provide strong support.
Thanks, Misunderstood your post then, MAXED OUT I took to mean not much more up potential there.
Sorry, And Thanks
max out per volatility indexes intraday, doesn't tell how much of a pull back but good entry to sell or profit taking for longs. wait for new intraday buy signal after this sell.
My comments are for entertainment/educational purpose only. NOT a trade advice.