Possible HS SPX interpretation

    Posted by varmercur on 21st of Aug 2015 at 12:04 pm

    I'm looking at the potential SPX HS scenario - it's unsymmetrical and seems to need some more months to churn out. Do you have some input on this one?

    SPX weeklies
     

    A long here seems pretty

    Posted by varmercur on 21st of Aug 2015 at 03:41 pm

    A long here seems pretty reasonable for a trade (and position size being prudent) in SPX. Possibly, the MA/EMA 100 daily below could give another 30 down points or so before turning up - excluding freak markets were green men from Mars pop up. Or Madoff makes a return. Have a nice weekend!

    Correct but not all tops

    Posted by steve on 21st of Aug 2015 at 12:12 pm

    Correct but not all tops are symmetrical HS patterns. Focus on your triggers and let the patterns unfold as they may.

    Is there a recorded tutorial on triggers?

    Posted by bulf6285 on 21st of Aug 2015 at 12:22 pm

    yes there is on the

    Posted by matt on 21st of Aug 2015 at 12:30 pm

    yes there is on the symmetry and stuff, 5 hrs.  And I made one about 1.5 years ago using the method on ES futures, about a 25 min video, pm me or send email to support and can send to you

    hello mat can you send me

    Posted by joezzz on 21st of Aug 2015 at 12:56 pm

    hello mat

    can you send me the 25 min. video tutorial on triggers?

    thank you

    bmail223@yahoo.com

    yes that's why topping is

    Posted by matt on 21st of Aug 2015 at 12:08 pm

    yes that's why topping is a 'process'.  People think when a bear market starts that it's straight down, no no, topping is a process, takes a long time for long term MA's to roll over, then once you get your first major sell off, you always get a bounce back to form lower highs.  I'm not saying this is the start to a bear market, just using that as an example.

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