$SPX - Chart Link - haven't had a chance
to post until now, my 9 month old is sick been holding him while
Mom had to run out, she's finally back.
anyway I've been thinking the market would probably gap up on
Friday all week, just a hunch. Also typically when you see
the gaps, they can become trend days. I actually bought the
gap up from my phone as I thought price would push higher
Typical Trend day action:
Trend days all play out in a similar fashion: price works higher
much of the day, on trend days you get the push up until about
12-12:30, then you get a consolidation that allows the MACD to
recycle back to zero, price to cycle back to the 50 SMA on a 5 min,
and the 60 Stochastic to stay above 80% all day or most of the
day
SPX 5 min with pivots and trend day comments
Posted by matt on 8th of Jul 2016 at 10:42 am
$SPX - Chart Link - haven't had a chance to post until now, my 9 month old is sick been holding him while Mom had to run out, she's finally back.
anyway I've been thinking the market would probably gap up on Friday all week, just a hunch. Also typically when you see the gaps, they can become trend days. I actually bought the gap up from my phone as I thought price would push higher
Typical Trend day action:
Trend days all play out in a similar fashion: price works higher much of the day, on trend days you get the push up until about 12-12:30, then you get a consolidation that allows the MACD to recycle back to zero, price to cycle back to the 50 SMA on a 5 min, and the 60 Stochastic to stay above 80% all day or most of the day
Not today...
Posted by burkmere on 8th of Jul 2016 at 03:33 pm
Didn't work out fully like that today. No real tradeable pullback. Up until last hour.
yes price didn't pullback to
Posted by matt on 8th of Jul 2016 at 03:35 pm
yes price didn't pullback to the 50 SMA, but the Stochastic setup occurred plan as day to allow you in and no doubt about it, it's a trend day