$SPX - Chart Link - another example out of
countless many we've seen.
- arge gap up that holds the gap i.e. 20 min gap rule
- push higher after the gap for an hr or so, then consolidation
1/2 the day which allows for the MACD to recycle back to zero,
where it almost always bounces off and a new divergent high is
formed in the afternoon around 2 - 3 EST.
- Price recycles back to the 50 SMA where it bounces off
- 60 Stochastics stays above 80% all day, the only time you
might get a pullback is the last hr if the Stochastics loses the
80% level
its like theres only one side to this game, and its to go long
lol...nah im pretty sure when we get such prolonged uptrends,
correction will be just the same.
Newsletter
Subscribe to our email list for regular free market updates
as well as a chance to get coupons!
Trend day played out like aways
Posted by matt on 1st of Aug 2013 at 02:42 pm
$SPX - Chart Link - another example out of countless many we've seen.
- arge gap up that holds the gap i.e. 20 min gap rule
- push higher after the gap for an hr or so, then consolidation 1/2 the day which allows for the MACD to recycle back to zero, where it almost always bounces off and a new divergent high is formed in the afternoon around 2 - 3 EST.
- Price recycles back to the 50 SMA where it bounces off
- 60 Stochastics stays above 80% all day, the only time you might get a pullback is the last hr if the Stochastics loses the 80% level
and then? 1800?
Posted by jreeves197 on 1st of Aug 2013 at 02:47 pm
and then? 1800?
its like theres only one
Posted by himsa on 1st of Aug 2013 at 03:10 pm
its like theres only one side to this game, and its to go long lol...nah im pretty sure when we get such prolonged uptrends, correction will be just the same.