Posted by frtaylor on 27th of Aug 2015 at 12:20 pm
One other thing. We're in the noon hour, I find that intraday
trade setups between about 11:45 and 1 pm don't work nearly as
often. Lots of chop on the 5 min chart, etc.
Posted by frtaylor on 27th of Aug 2015 at 12:46 pm
This little pullback off the highs is back testing the 9ema.
Probably it will bounce this first time. If we go back down to it
again, I'm watching for a break and a failed back test from below
to take a small short. (9 ema on SPX, not SPY.)
Posted by frtaylor on 27th of Aug 2015 at 12:18 pm
Also, the VIX gave a market buy signal. If SPX prices do not
plunge down at the close, the VIX will give the confirmation
signal, i.e. a second close inside the Bollinger bands. So, on any
pullback, I am looking for an intraday pattern for a defined
entry.
Posted by frtaylor on 27th of Aug 2015 at 12:14 pm
there's a three-push RSI divergence on both the 5 an 15 minute
charts. But nothing on the 30 minute chart, and not overbought on
the 30 (RSI 14, not 5). Still in a rising channel or wedge.
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SPY looks like it's weakening here. VXX "starting" to look interesting on 15 and 60
Posted by zitron on 27th of Aug 2015 at 11:45 am
One other thing. We're in
Posted by frtaylor on 27th of Aug 2015 at 12:20 pm
One other thing. We're in the noon hour, I find that intraday trade setups between about 11:45 and 1 pm don't work nearly as often. Lots of chop on the 5 min chart, etc.
That is the truth.
Posted by zitron on 27th of Aug 2015 at 12:31 pm
This little pullback off the
Posted by frtaylor on 27th of Aug 2015 at 12:46 pm
This little pullback off the highs is back testing the 9ema. Probably it will bounce this first time. If we go back down to it again, I'm watching for a break and a failed back test from below to take a small short. (9 ema on SPX, not SPY.)
I would keep in mind
Posted by a_l_ on 27th of Aug 2015 at 12:35 pm
I would keep in mind that Jackson Hole has both the ECB & the FOMC with dovish speakers (today for ECB & Saturday for Fed).
Also, the VIX gave a
Posted by frtaylor on 27th of Aug 2015 at 12:18 pm
Also, the VIX gave a market buy signal. If SPX prices do not plunge down at the close, the VIX will give the confirmation signal, i.e. a second close inside the Bollinger bands. So, on any pullback, I am looking for an intraday pattern for a defined entry.
there's a three-push RSI divergence
Posted by frtaylor on 27th of Aug 2015 at 12:14 pm
there's a three-push RSI divergence on both the 5 an 15 minute charts. But nothing on the 30 minute chart, and not overbought on the 30 (RSI 14, not 5). Still in a rising channel or wedge.