Posted by sbaxman111 on 9th of Jun 2016 at 05:15 pm
The daily SPX chart is illustrated here with 50,2 Bollinger
Bands. Closes above or below the 2x standard deviation lines are
places where reversals have been taking place. In addition,
readings above 1.00 and below 0.00 on the customized 50,2 %B
indicator are good places to look for reversals. And RSI-4
readings above 90% and below 10% are also places where reversal can
start within a short period of time on the chart.
Make sure to use a trigger candle, such as taking back 50% of a
large candle, or doji etc, and look intra day, always best to have
a trigger to go with your indicator,
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SPX Chart
Posted by sbaxman111 on 9th of Jun 2016 at 05:15 pm
The daily SPX chart is illustrated here with 50,2 Bollinger Bands. Closes above or below the 2x standard deviation lines are places where reversals have been taking place. In addition, readings above 1.00 and below 0.00 on the customized 50,2 %B indicator are good places to look for reversals. And RSI-4 readings above 90% and below 10% are also places where reversal can start within a short period of time on the chart.
http://stockcharts.com/h-sc/ui?s=%24SPX&p=D&yr=1&mn=10&dy=0&id=p41105008134&listNum=1&a=462931663
Thanks for posting!
Posted by frtaylor on 10th of Jun 2016 at 09:37 am
Thanks for posting!
Make sure to use a
Posted by matt on 10th of Jun 2016 at 09:54 am
Make sure to use a trigger candle, such as taking back 50% of a large candle, or doji etc, and look intra day, always best to have a trigger to go with your indicator,