markplea - yep the odds would probably favor that scenario,
market holding up all day or at least until the last hr of the day,
buy pullbacks intra day.
here's typically what happens on these trend days...
- MACD should recycle back to zero by the late afternoon
- 60 Stochastics should stay above 80% until the last hr or all
day
- SPX price recycles back to test the 50 SMA
- SPX price forms a divergent high late in the day via 5 min
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ES 15 Overnight
Posted by steve on 3rd of Jan 2012 at 09:17 am
ES opened last night with a gap up near R3 where it has traded around.
is this going to be a similar gap day.... above 80% whole day...
Posted by markplea on 3rd of Jan 2012 at 09:28 am
markplea - yep the odds
Posted by matt on 3rd of Jan 2012 at 09:53 am
markplea - yep the odds would probably favor that scenario, market holding up all day or at least until the last hr of the day, buy pullbacks intra day.
here's typically what happens on these trend days...
- MACD should recycle back to zero by the late afternoon
- 60 Stochastics should stay above 80% until the last hr or all day
- SPX price recycles back to test the 50 SMA
- SPX price forms a divergent high late in the day via 5 min