$SPX - Chart Link - the indexes looked
like bull flag patterns last night as I commented, and given the
holiday and Jobs, not surprised.
$SPX - Chart Link - 50 min chart, BBs were
pinched, Stoch was oversold yesterday, 60 Stoch was above 80, MACD
had recycled to zero, so it was arguing for an up move
Matt, So what was different from a similar setup marked by a
broken line? I can see that RSI(5) was overbought then and oversold
today, and so was the regular stochastic.
Also, will a break below 80 signal an exit from your ES
trade?
Thanks for posting this example, it's educational.
Newsletter
Subscribe to our email list for regular free market updates
as well as a chance to get coupons!
SPX
Posted by matt on 3rd of Jul 2014 at 10:50 am
$SPX - Chart Link - the indexes looked like bull flag patterns last night as I commented, and given the holiday and Jobs, not surprised.
$SPX - Chart Link - 50 min chart, BBs were pinched, Stoch was oversold yesterday, 60 Stoch was above 80, MACD had recycled to zero, so it was arguing for an up move
Title: RSI(5) and regular stoch
Posted by junkie on 3rd of Jul 2014 at 12:15 pm
Matt, So what was different from a similar setup marked by a broken line? I can see that RSI(5) was overbought then and oversold today, and so was the regular stochastic.
Also, will a break below 80 signal an exit from your ES trade?
Thanks for posting this example, it's educational.