3309 Drysdale Ct
Edwardsville, IL 62025
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 - Chart Link- nice pop here
Market quite heavy so make sure you adhere to your plan and TAKE
PROFITS into spikes
GOCO - Chart Link
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
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 - Chart Link-
$SPX - Chart Link- 5 min updated view, had an
objective short on that last bounce into the underside of the
SPI - today's runner
Took remainder of hedge off around 3275
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.
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 - Chart Link
from Steve's written market summary in his newsletter last
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 planned and will keep balance for now
until see solid reversal
GLD - Chart Link - got quite oversold on
the 5 min notice the CCI spike down below -450 and the
QQQ - Chart Link 5 min view of QQQ, could
be bear flag
KL - Chart Link-
FXE - Chart Link-
UUP - Chart Link-
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