Posted by sbaxman111 on 7th of Feb 2014 at 04:18 pm
This 60 min SPX chart shows 4 vertical lines at potential
inverse squeezes within the last 3 months. The PPO level on all 4
are at or exceeds the 0.40 level. The ADX is above the 60 level.
The RSI-14 is above the 70% line. ADX levels above 60 have all led
to reversals of the then current squeeze positions within a short
period of time.
SPX 60 MIN SQUEEZES FOR PAST 3 MONTHS
Posted by sbaxman111 on 7th of Feb 2014 at 04:18 pm
This 60 min SPX chart shows 4 vertical lines at potential inverse squeezes within the last 3 months. The PPO level on all 4 are at or exceeds the 0.40 level. The ADX is above the 60 level. The RSI-14 is above the 70% line. ADX levels above 60 have all led to reversals of the then current squeeze positions within a short period of time.
http://stockcharts.com/h-sc/ui?s=$SPX&p=60&yr=0&mn=3&dy=0&id=p98626897123&a=312378103&listNum=1
Hi I use the PPO
Posted by rbreese on 8th of Feb 2014 at 05:43 pm
Hi I use the PPO over ADX on daily and it works even better for BIGGER turns.
Good Stuff
Posted by mark109 on 7th of Feb 2014 at 05:38 pm
Thanks for Sharing and Enjoy your weekend.