as far as the wedge, doesn't have 5 touches, only 3, proper
wedges have 5 waves ABCDE. Really I was simply pointing out
some intra day divergence is all but that can form longer while
prices go lower, divergence is not a buy signal
also it's kinda early yet in the day, need more time to see what
develops, trend is down, don't do a counter trend long unless you
have a really good trigger
SPX 5 min
Posted by matt on 28th of Sep 2015 at 12:28 pm
$SPX - Chart Link - some intra day divergence for now, kind of wedging down, but not a text book wedge -
Interesting comment there, Matt -
Posted by isplat on 28th of Sep 2015 at 12:32 pm
Interesting comment there, Matt - could you share with us the factors that make up a "textbook wedge", please? Thanks very much!
as far as the wedge,
Posted by matt on 28th of Sep 2015 at 12:34 pm
as far as the wedge, doesn't have 5 touches, only 3, proper wedges have 5 waves ABCDE. Really I was simply pointing out some intra day divergence is all but that can form longer while prices go lower, divergence is not a buy signal
also it's kinda early yet in the day, need more time to see what develops, trend is down, don't do a counter trend long unless you have a really good trigger
like so, you mean?
Posted by isplat on 28th of Sep 2015 at 12:47 pm
like so, you mean?
Man, this wedge thingy is
Posted by isplat on 28th of Sep 2015 at 02:04 pm
Man, this wedge thingy is really messing us about, I'd say: