Thanks Matt! This is just what I need to be reminded of right now.

On what timescale are you looking for a divergent low on /ES?

Sweet Matt! Love me those levels and ticks. Thanks again for doing this!

Thanks Matt. It will be great to see these levels and ticks again.

Matt, thanks for adding the MACD Hist (25) to the SPX 5 min chart last night.

I'm really liking the correlation between this indicator and price action (I usually just use the 'normal' MACD).

https://schrts.co/UGtWPVJR

Matt, could you please add ES levels and ticks back to the TradingView link pinned up top?

Yes, here it is on SPX 60 minute (from BPT). Objective long here? 

https://schrts.co/UvGfPeNs

Thanks Matt! (and thanks again junkie) This really helps. My notebook has now gotten too thick; it needs a re-org. 

Happy Cinco de Mayo indeed!

Thanks junkie. So that supply zone Steve mentioned earlier, 4130-4186, is resistance in this case I guess. That makes sense, I just hadn't had that as part of my plan (drawn on a chart), so I wasn't considering it. Also I guess price tagged the recent high of 4148, but I'm not sure how much weight to give that.

I sure do appreciate the tolerance here for Trading 101 type questions.

Logical Short?

After the fact, some will point to a chart and say "that was your logical short (or long)". So are we at a "logical" shorting point on the SPX here?

Recently Matt said whatever apex is closer to the right, that's the direction in which the break will usually happen.

Nice newsletter Steve. Concise.  

Super basic question: Regarding the weekly levels, when you speak of holding above or below 4155, do you mean on a daily or weekly close? I'm assuming you mean daily closing price, but, you know, I'm making a plan and checking things twice. :-)

Expanding diagonal diagram

Today I learned the actual definition. Seems to map nicely to that 10 minute chart, Steve. Thanks.

Thanks Matt!

I actually used these two signals to lock in profit today, within the framework set by Steve yesterday (Thanks Steve!)

Love this chart!

Might go without saying, but that link to TradingView in Steve's pinned comment, that view is also free like barcharts.com but has the advantage of showing both levels and ticks.  

https://stockcharts.com/h-sc/ui?s=%24SPX&p=15&b=4&g=0&id=p92271885966&listNum=3&a=1260174915 

Thanks Steve! Yes, there was plenty of time to protect in pre-market.  Lesson learned.

Thanks Steve!