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Bitcoin trying to break out of its coil

Posted by matt on 10th of Apr 2021 at 10:23 am

SPX daily still at 3970

SPX 2 day candlestick jumped up to 3938 so only about 30 points lower than the daily

The weekly SPX jumps from 3600 to 3745 nearly 150 point jump

The 120 min jumps to 4088

SPY Breakout Trade update

Posted by matt on 9th of Apr 2021 at 04:07 pm

With the nice market move higher since the SPY Breakout sub system went long Tuesday a new hard stop has been generated at 406.16 for the SPY ETF

SPX 5 min

Posted by matt on 9th of Apr 2021 at 03:33 pm

$SPX - Chart Link- heck of a move after that bull flag break on the 5 min

MTEM CCI play

Posted by matt on 9th of Apr 2021 at 02:56 pm

MTEM - Chart Link still in some of this one

GEO, FGEN some other candidates I'm monitoring

again these are the CCI spike divergence setups where you look for a reversion to mean bounce

Yesterday both the daily and 2 day were pretty close but today the daily jumped up nearly 100 points

AJG nice follow through

Posted by matt on 8th of Apr 2021 at 01:57 pm

MTEM CCI play

Posted by matt on 8th of Apr 2021 at 11:20 am

MTEM - Chart LinkCCI spiked to -300 a few days back and has been diverging, interesting doji candlestick today so far

MTEM - Chart Link60 min you can see the MACD div forming, or even be long some now with a stop right at that doji low

these are aggressive oversold rubber band/bounce setups, stops are well defined and you are simply looking for that reversion to mean rubber band snap back to the mean

here's one of my educational articles on those CCI divergent plays

https://breakpointtrades.com/education/legacy/?nl_id=3283  

thx I'll add those to

Digital currencies follow up

Posted by matt on 8th of Apr 2021 at 11:00 am

thx I'll add those to my list

SPY systems breakout sub system comments regarding stop

Posted by matt on 8th of Apr 2021 at 10:54 am

as you know this sub system uses stops - however the stop is very wide until 3 - 5 bars have passed, so it's not worth really discussing right now. In a couple days the stop should tighten up and I'll mention what that is

KISS 2 day chart

Posted by matt on 8th of Apr 2021 at 10:50 am

in case you missed it last night, the 2 day KISS chart is on the website

https://breakpointtrades.com/current_dvts/#spx_2day 

also been some confusion, that chart is NOT a Tradestation chart even though it says Tradestation on the top left border. You cannot make 2 day, 3 day, 4 day etc candlestick charts in Tradestation only daily and weekly.  This chart is from Multicharts where I have it getting it's data feed from Tradestation, that's why it has TS in the name but it's not a TS chart

I bring that up because I've had a lot of folks who have Tradestation ask me how can they duplicate that 2 day chart, you can't in Tradestation unfortunately. would be very easy for them to add that feature but I'm sure they don't give a crap

Digital currencies follow up

Posted by matt on 8th of Apr 2021 at 10:47 am

Bitcoin still in that nice coil some bounce today

Litecoin for now trying to find support on that broken trendline I discussed

MARA my fav out of the stocks up today, notice the Demark 13 yesterday on the 60 min that also had a cycle buy was very low risk, I would have added to my position had I looked at that yesterday

others still in coils

VVIX comments

Posted by matt on 8th of Apr 2021 at 10:28 am

$VVIX - Chart Link - I haven't shown this for a while, it's been burred below that 110 area, so not even close to giving a sell signal warning. With earnings season approaching that doesn't shock me

otherwise as far as the market I would not be aggressively looking for shorts either. To me the market is just in this blah range. 

also earning season starts in about a week, most of the time the market is strong during that time frame

also on that VIX notice the correlation indicator has spiked way down and there is CCI div

Update: SPX 60 min divergence

SPX 60 min divergence

Posted by matt on 8th of Apr 2021 at 10:07 am

QQQ - Chart Link- you can see the MACD dif on both the QQQ and SPX 60 min time frames

$SPX - Chart Link-

SPX 60 min divergence

Posted by matt on 8th of Apr 2021 at 09:48 am

$SPX - Chart Link- that morning push allowed for some MACD divergence

Wednesday's Newsletter

Posted by matt on 7th of Apr 2021 at 08:48 pm

I agree, good assessment

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