perhaps, unless the intra day divergence produces a tradeable
low, so far it has produced a bounce however if that doesn't hold
it could just go back down again.
however from an educational standpoint, here's a 5 min SPX, see
the 60 stochastic at the bottom of the chart, when it tested the
underside of 20%, that gave a really nice day trade short
entry.
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SPX 5 min
SPX 5 min
Posted by laouuu on 2nd of Feb 2016 at 12:56 pm
Looks like a trending day if using 60 ss on 5 minutes?
perhaps, unless the intra day
Posted by matt on 2nd of Feb 2016 at 01:01 pm
perhaps, unless the intra day divergence produces a tradeable low, so far it has produced a bounce however if that doesn't hold it could just go back down again.
however from an educational standpoint, here's a 5 min SPX, see the 60 stochastic at the bottom of the chart, when it tested the underside of 20%, that gave a really nice day trade short entry.