60 Stoch on SPX 5

    Posted by isplat on 6th of Oct 2016 at 01:46 pm

    Matt, here we have an interesting situation - the 60 Stochastic being rejected at 80% and crawling along underneath that line, while the MACD is recycling to zero. I have no idea whether this has any relevance whatsoever, but thought I might point it out.

    best to look at other

    Posted by matt on 6th of Oct 2016 at 02:32 pm

    best to look at other time frames and the patterns, on that time frame the MACD looked fine.  Also take a look at a 3 min SPX, on that time frame 60 Stochastic is trending over 80% the whole time, which told you it was strong

    Thanks for pointing that out,

    Posted by isplat on 6th of Oct 2016 at 03:19 pm

    Thanks for pointing that out, Matt!

Newsletter

Subscribe to our email list for regular free market updates
as well as a chance to get coupons!