sorry still trying to get setup here, had a nightmare morning,
wife and kid got back from China last night about 3 am, both of
sick as dog, been dealing with that etc, I'll respond in a bit
pebs- yes there is some hidden divergence currently in the
Histogram and 60 Stochastic, otherwise short term we've had a break
in symmetry on the 5 min chart (remember Steve's tutorial's not
sure if you've been through one). You need a trigger in
price, not via the divergence etc
Posted by windyjazz on 30th of Oct 2013 at 12:43 pm
The 50 MA was lost not by a little but alot. That usually gets a
sell response. My non technical thought is that the market is being
a little defensive here. There is very little possibility that the
FED would even think about tapering here but that possibility is
not zero after all the market was not expecting the last no taper.
So why not take some profits and sit back if they do what you
expect just buy back at a slightly lower price. Anyway my 2
cents.
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Matt, I'm seeing reverse divergence
SPX 5 min
Posted by pebs on 30th of Oct 2013 at 11:57 am
Matt, I'm seeing reverse divergence again on the $SPX 5 min chart. Could this indicate another push up soon?
sorry still trying to get
Posted by matt on 30th of Oct 2013 at 12:19 pm
sorry still trying to get setup here, had a nightmare morning, wife and kid got back from China last night about 3 am, both of sick as dog, been dealing with that etc, I'll respond in a bit
pebs - yes there is some
Posted by matt on 30th of Oct 2013 at 12:28 pm
pebs - yes there is some hidden divergence currently in the Histogram and 60 Stochastic, otherwise short term we've had a break in symmetry on the 5 min chart (remember Steve's tutorial's not sure if you've been through one). You need a trigger in price, not via the divergence etc
Could this be the day
Posted by rose123 on 30th of Oct 2013 at 01:33 pm
Could this be the day to take a small spy short ??
$SPX 5min
Posted by windyjazz on 30th of Oct 2013 at 12:43 pm
The 50 MA was lost not by a little but alot. That usually gets a sell response. My non technical thought is that the market is being a little defensive here. There is very little possibility that the FED would even think about tapering here but that possibility is not zero after all the market was not expecting the last no taper. So why not take some profits and sit back if they do what you expect just buy back at a slightly lower price. Anyway my 2 cents.