$SPX - Chart Link - it's a standard trend
day, 60 stochastic above 80%, now will it stay above 80% all day
which is typical? MACD recycling back to zero and 50 SMA, generally
you get another pop in the afternoon
SPY - Chart Link - 1 min, recycling back
to the 200 SMA, which tends to act as a magnet
and your breath is almost 7 to 1 positive.
These guys are just laying off their buy orders to sucker
you in. Don't take the bait unless there is a
clean break below support on the 15 minute chart Maybe
2822.75 on the /nq futures..
I'm starting to get stopped out of most of my longs for the
day
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SPX 5 min, and 1 min
Posted by matt on 6th of Sep 2012 at 01:32 pm
$SPX - Chart Link - it's a standard trend day, 60 stochastic above 80%, now will it stay above 80% all day which is typical? MACD recycling back to zero and 50 SMA, generally you get another pop in the afternoon
SPY - Chart Link - 1 min, recycling back to the 200 SMA, which tends to act as a magnet
Classic! As sure as I
Posted by frtaylor on 6th of Sep 2012 at 03:15 pm
Classic! As sure as I wait to short this pattern, SPX refuses to make that afternoon higher high.
your advance decline lines are way to high
Posted by zach06 on 6th of Sep 2012 at 03:19 pm
and your breath is almost 7 to 1 positive. These guys are just laying off their buy orders to sucker you in. Don't take the bait unless there is a clean break below support on the 15 minute chart Maybe 2822.75 on the /nq futures..
I'm starting to get stopped out of most of my longs for the day