I asked the developer of tick tools about what his projection
was saying for today. He said some correction into 11:30 am,
and then a breakout into the close. However he said it looks
more like a running correction so we might not get a pullback you
would think. However he said 11:30 time is key area. A
running correction is something you might not understand
my comments would be to monitor a 15 or 20 min gap rule.
You can search the blog for many examples of that, type
15 min gap rule.
I'll be looking for the typical trend day where price holds
up and trends higher all day, again the 15 min gap rules is a good
rule for that.
trend dayswork the
same way, the market gaps up and pushes higher until afternoon
where you get a small pullback, but otherwise most of the day you
can simply buy pullbacks.
Generally on a 5 min SPX the MACD will spend the day
recycling back to zero and 60 Stochastic will stay above 80% all
day or most of the day
Tick tool comments
Posted by matt on 10th of Jul 2015 at 09:16 am
I asked the developer of tick tools about what his projection was saying for today. He said some correction into 11:30 am, and then a breakout into the close. However he said it looks more like a running correction so we might not get a pullback you would think. However he said 11:30 time is key area. A running correction is something you might not understand
my comments would be to
Posted by matt on 10th of Jul 2015 at 09:22 am
my comments would be to monitor a 15 or 20 min gap rule. You can search the blog for many examples of that, type 15 min gap rule. I'll be looking for the typical trend day where price holds up and trends higher all day, again the 15 min gap rules is a good rule for that.
trend dayswork the same way, the market gaps up and pushes higher until afternoon where you get a small pullback, but otherwise most of the day you can simply buy pullbacks. Generally on a 5 min SPX the MACD will spend the day recycling back to zero and 60 Stochastic will stay above 80% all day or most of the day
tick tools gives very low
Posted by matt on 10th of Jul 2015 at 09:34 am
tick tools gives very low odds for a gap fill, now you can monitor 15 min gag rule.
my personal feeling is that we'll see the typical trend day where shorting is futile, price simply holds up for majority of day
x-tick at opening, which is
Posted by a_l_ on 10th of Jul 2015 at 10:06 am
x-tick at opening, which is interesting
contrarian view...
Posted by roger on 10th of Jul 2015 at 09:39 am
gap will fill today
anything's possible in this market.
Posted by matt on 10th of Jul 2015 at 09:40 am
anything's possible in this market.
also there's a 11:30 timing window to monitor
also the Greek stuff isn't set in stone either