Posted by spytrader on 24th of Oct 2014 at 01:06 pm
Matt/Steve, I know you said that $SPX "leads" the ES. Sorry, I'm
having trouble posting pics right now. Would like to get short ES
for a trade or more on 60-min chart. $SPX showing -ve RSI
divergence on 60-min, approaching major Fib line, MACD rolling over
etc. ES not showing RSI divergence yet, only overbought. Waiting
for trigger. For ES shorts, do you like to see that divergence also
or can one use the $SPX action as a guide? Don't want to hold ES
short through another push up. Thanks.
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$SPX vs ES
Posted by spytrader on 24th of Oct 2014 at 01:06 pm
Matt/Steve, I know you said that $SPX "leads" the ES. Sorry, I'm having trouble posting pics right now. Would like to get short ES for a trade or more on 60-min chart. $SPX showing -ve RSI divergence on 60-min, approaching major Fib line, MACD rolling over etc. ES not showing RSI divergence yet, only overbought. Waiting for trigger. For ES shorts, do you like to see that divergence also or can one use the $SPX action as a guide? Don't want to hold ES short through another push up. Thanks.