speaking of tick extreme's here's the updated charts, you can see price has been respecting those levels, basically stalled at the one yesterday and after losing the one this morning that allowed for the market to dump hard. 

now there's a support one below at 3271 ish area to watch if acts as a support

POLA Updated View

Posted by steve on 23rd of Sep 2020 at 02:07 pm

POLA - Chart Link- nice pop here 

Market quite heavy so make sure you adhere to your plan and TAKE PROFITS into spikes 

GOCO Updated View

Posted by steve on 23rd of Sep 2020 at 02:06 pm

looking over some on the

120 min charts

Posted by matt on 23rd of Sep 2020 at 02:04 pm

looking over some on the daily KISS where you have those abc buys show up and using a 120 min chart as a filter where when you get an abc buy on the daily KISS you also want to see price on the 120 min be above the ATR and 60 Stochastic to be crossing above 50%. When I look at most examples in the past the two confirm well with each other, a couple times the 120 min kept you out of a whipsaw which is great, and once where it had you wait an extra day where you bought a bit higher.

clearly yesterday on that QQQ chart this filter would have said no go on the QQQ daily because on the 120 min price 60 Stochastic was no where close to going above 50% and price stalled below the ATR. 

I have to investigate further but going forward I may use this combo.  Like I told you guys, this stuff is not static, it's never done, always improving and adding tweaks and filters as I learn more over time. 

also I may do a video sometime on this so I can show examples.  Otherwise here's a visual example

ATEC holding up well

Posted by matt on 23rd of Sep 2020 at 01:52 pm

Update: SPX 5 min

SPX 5 min

Posted by matt on 23rd of Sep 2020 at 01:47 pm

$SPX - Chart Link- 5 min updated view, had an objective short on that last bounce into the underside of the ribbons

SPI - today's runner 

Posted by steve on 23rd of Sep 2020 at 01:46 pm

SPI - today's runner 

Took remainder of hedge off

Some hedges into European close 

Posted by steve on 23rd of Sep 2020 at 12:29 pm

Took remainder of hedge off around 3275

120 min charts

Posted by matt on 23rd of Sep 2020 at 12:26 pm

remember that 120 min system I messed with last year.  I like that time frame for trend that is not too whippy. 

here's a couple clean 120 min charts. Notice the rally stalled right at the ATR indicator yesterday.  monitor the ribbons, the Squeeze which stalled under zero.

the other thing I monitor as you know is the 60 Stochastic, needs to get over 50% level and confirm, and ATR

I don't think so, maybe an older version did, I'll pull up some workspaces and look closer at it and let you know. Remember I modified and changed some settings back in March so I may or may not be using the old bail stop out.

Copper ETF follow up

Posted by matt on 23rd of Sep 2020 at 12:06 pm

CPER - Chart Link- short idea from Monday as a way to play that wedge on the metal

remember Fed governors speaking today

1:00 Fed's Evans: Economic Outlook
11:30 Results of $22B, 2-Year FRN Auction
12:00 PM Fed's Rosengren Speech
1:00 PM Results of $53B, 5-Year Note Auction
1:00 PM Fed's Bostic Speech
1:00 PM Fed's Kashkari Speech
3:00 PM Fed's Daly Speech





ES some support around 3283-85 then 3275

CLDX Updated View

Posted by steve on 23rd of Sep 2020 at 11:27 am

from Steve's written market summary in his newsletter last night

I have added a few longs tonight if this rally can extend BUT please remain prudent and flexible at this stage. Keep a few hedge candidates handy should we see a reversal back to the downside.

Took some hedges off as

Some hedges into European close 

Posted by steve on 23rd of Sep 2020 at 11:07 am

Took some hedges off as planned and will keep balance for now until see solid reversal 

GLD 5 min

Posted by matt on 23rd of Sep 2020 at 11:07 am

GLD - Chart Link - got quite oversold on the 5 min notice the CCI spike down below -450 and the divergence, 

Update: SPX 5 min

SPX 5 min

Posted by matt on 23rd of Sep 2020 at 11:03 am

QQQ - Chart Link 5 min view of QQQ, could be bear flag

KL follow up

Posted by matt on 23rd of Sep 2020 at 10:44 am

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