Sure rockee and trail stops..now we just have to see how the
pullback unfolds. The move up was just one wave so be aware
that we may need to see a 3 wave advance making a lower highs to
complete for the bearish view of a corrective bounce. The bullish
view would be that this is starting an impulse back up as shown in
a post below (See green Alt).
I would prefer to see a 3 wave move but you may get a trade out
for a quick short even if that occurs. Just respect your
triggers on the time frame you trade.
see rockee - the SPX pulled back 2.5 pts (no divergence at
highs) and now made another intraday high but this time there is
some divergence on the short term charts. For shorts, I like to see
an small impulse down (5 waves) followed by a lower high to
enter.
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Is this an objective place to buy SDS Steve or Matt
Posted by rockee on 5th of Sep 2014 at 01:29 pm
Sure rockee and trail stops..now
Posted by steve on 5th of Sep 2014 at 01:46 pm
Sure rockee and trail stops..now we just have to see how the pullback unfolds. The move up was just one wave so be aware that we may need to see a 3 wave advance making a lower highs to complete for the bearish view of a corrective bounce. The bullish view would be that this is starting an impulse back up as shown in a post below (See green Alt).
I would prefer to see a 3 wave move but you may get a trade out for a quick short even if that occurs. Just respect your triggers on the time frame you trade.
see rockee - the SPX
Posted by steve on 5th of Sep 2014 at 02:01 pm
see rockee - the SPX pulled back 2.5 pts (no divergence at highs) and now made another intraday high but this time there is some divergence on the short term charts. For shorts, I like to see an small impulse down (5 waves) followed by a lower high to enter.