and just to confuse things even more, both custom histograms have changed to a sell on the 5 min SPY chart!  I'm short w/ a position on SPY after the lower high this afternoon.

Never mind, I found your vid on it.  The reason I ask is that both the 25/170/25 and the 34/170/34 on the 30 min chart have crossed to a buy for the SPY.

Matt, what was that MACD setting that you use as a filter along w/ the 25/170/25?  Was it 34/170/34?  To filter out whipsaws.

selling into good news.

p.s., not the best looking pattern - rt shoulder could be longer.  Maybe a bigger pattern in the works?  Steve, any comments/critique?

KEG has broken over an inv HS on a 30 min chart.  Matt's custom MACD histogram already on a buy.  I'm watching for a retest.

Notice Matt's custom MACD histogram for 30 min chart is already signalling long.  Volume yesterday was good.  Regular MACD already crossed on 30 min and 60 min.

Biggest 30-minute volume bar it's had in the last 12 days.

X moving up nicely.  Dan F. was looking at this as a buy for a bounce.

Thank you!

Wow, a year already!  Happy birthday to Olivia -

Also, if BPT was correct in its wave count for the SPX as having completed a 5-wave impulse up on Tuesday, then the move down from Tuesday's high looks to my eyes like an ABC correction.  As long as we go back up again tomorrow, that is, lol.

As I mentioned on the main blog, there are two other long signals that have been issued lately.  See my post there from this evening.  Anyway, those additional signals I hope mean that this trade has good odds on to be a winner!

One well-known market service that I had a trial subscription with issued an upside SPX target of 1449 a month or more ago.  When we recently regained 1392, he issued a buy signal for the SPX. I can't name them, due to the agreement w/ them for subscribers (even trial memberships), but it's a well known person who worked for a major financial house for years before retiring a few years ago.  Anyway, if we do reach a higher high, I will be looking to take a modest short position.

kalinm, interesting observations.  We will see.  Every time I think there's going to be serious selling (high volume, dramatic decline), something comes along and negates it.  Not many talking heads (e.g., cnbc guests, for what they're worth) are predicting such a sell-off, although I notice Joe Terranova seems to see downside risk everywhere.

Just be careful, I wouldn't bet anything, much less the farm (or even the chicken coup) on the sell-off prediction.  Or, at the very least, be sure you short into resistance w/ a tight stop!

and here it comes right back again.  LOL!

Ha!  very amusing.