AD bull bias (top panel)
A few red ticks lead bears to thinking that a neckline break is immanent Bulls must hold that neckline (yes, it is drawn sloppy), else boom....
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
fehro wrote:SPX sloppy 5m.. possible flag/H&S/triangle.. hourly.. still in down channel…. under resistance..
fehro, like these charts , so many possibles...
recent bear flag (upper left), HS neckline test (lower left), and a triangle (lower right)..
we are past yellen for another month, im guessin churny ups and downs until china opens up...all above are not too bullish...
yup… all depending on what time frame you like to trade.. choppy and sloppy intra day today.. "IF" we triangle.. still good for a possible 15 point move near end of day.. 1888 or 1850.. or gap it tomorrow
the intraday is two messy for the last two days. quick pump and drop. what are we trading, penny stocks?
fehro wrote:SPX sloppy 5m.. possible flag/H&S/triangle.. hourly.. still in down channel…. under resistance..
fehro, like these charts , so many possibles...
recent bear flag (upper left), HS neckline test (lower left), and a triangle (lower right)..
we are past yellen for another month, im guessin churny ups and downs until china opens up...all above are not too bullish...
yup… all depending on what time frame you like to trade.. choppy and sloppy intra day today.. "IF" we triangle.. still good for a possible 15 point move near end of day.. 1888 or 1850.. or gap it tomorrow
the intraday is two messy for the last two days. quick pump and drop. what are we trading, penny stocks?
.. still a 16 point move SPX! .. remember the 4-6point days? that was painful
OK, I'm back. and indeed there's one more push up and it might not over yet.
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Al_Dente wrote:AD bull bias (top panel)
A few red ticks lead bears to thinking that a neckline break is immanent Bulls must hold that neckline (yes, it is drawn sloppy), else boom....
210five2.png
My intermediate indicators are positioning for a buy, but I may take a small short on a break of the trend you cite. I'm thinking we need one more capitualation day down to say 1802, with a more durable bullish turn in a few days. Just guessing, my timing models suggest that. In a bull market I think we would be about to scream higher here.
Swing to Intermediate SPX Analysis - multiple time frame - Daily & 60 min time and price cycle analysis.
Usually trade SSO / SDS
fehro wrote:SPX sloppy 5m.. possible flag/H&S/triangle.. hourly.. still in down channel…. under resistance..
fehro, like these charts , so many possibles...
recent bear flag (upper left), HS neckline test (lower left), and a triangle (lower right)..
we are past yellen for another month, im guessin churny ups and downs until china opens up...all above are not too bullish...
yup… all depending on what time frame you like to trade.. choppy and sloppy intra day today.. "IF" we triangle.. still good for a possible 15 point move near end of day.. 1888 or 1850.. or gap it tomorrow
the intraday is two messy for the last two days. quick pump and drop. what are we trading, penny stocks?
.. still a 16 point move SPX! .. remember the 4-6point days? that was painful
wide range without direction is more painful INHO. it seems a lot of money to be made, but in reality you are walking into a casino with a lot more to lose. every move is explosive and the range is big so your R/R is very limited unless you can pick out the pivots, but those are very difficult to pick in range days.
Small caps confirming sell, of course we are now in the daily ramp time zone so need double confirmation at least (that would be several more red bars).
This price action is the computers seeing how far into a pennant price can run until it breaks out (or peters out.) Maybe we'll flatline into the close.
Swing to Intermediate SPX Analysis - multiple time frame - Daily & 60 min time and price cycle analysis.
Usually trade SSO / SDS