Posted by sbaxman111 on 14th of Jul 2015 at 03:32 pm
Today on my 60 min RUT chart my customized PPO-ADX
"squeeze" is flashing a Short signal. I use an ADX-7 component as
the bottom portion of the squeeze instead of an ADX-14.
The ADX-7 is currently over 70. Since the start of 2013
there have only been 12 trading days when the ADX-7 exceeded the 70
line on my 60 min RUT chart. All were followed by a reversal within
the short-term picture.
During this same time frame, including the days over 70,
there have been just 41 trading days where the ADX-7 has been above
the 60 line.
The RUT itself is now 1.34% above its 9 ema line. The SPX
is 1.318% above the 9 ema, and the NDX is more extended at 1.906%
above the 9 ema line (3:30 pm)
If your talking about IWM it sure did. Topped twice there
last April and then found support there the end of June before
dropping through the next day.
Squeeeze Pattern
Posted by sbaxman111 on 14th of Jul 2015 at 03:32 pm
Today on my 60 min RUT chart my customized PPO-ADX "squeeze" is flashing a Short signal. I use an ADX-7 component as the bottom portion of the squeeze instead of an ADX-14.
The ADX-7 is currently over 70. Since the start of 2013 there have only been 12 trading days when the ADX-7 exceeded the 70 line on my 60 min RUT chart. All were followed by a reversal within the short-term picture.
During this same time frame, including the days over 70, there have been just 41 trading days where the ADX-7 has been above the 60 line.
The RUT itself is now 1.34% above its 9 ema line. The SPX is 1.318% above the 9 ema, and the NDX is more extended at 1.906% above the 9 ema line (3:30 pm)
It looks like 126.50 has
Posted by rbreese on 14th of Jul 2015 at 04:13 pm
It looks like 126.50 has been a TOP on several occasions before also.
If your talking about IWM
Posted by EdZ on 14th of Jul 2015 at 05:26 pm
If your talking about IWM it sure did. Topped twice there last April and then found support there the end of June before dropping through the next day.
What's the success rate on
Posted by EdZ on 14th of Jul 2015 at 03:52 pm
What's the success rate on this pattern?