$SPX - Chart Link- right back to new lows of
course, some MACD potential div but again market is solidly
downtrending, unless you get some sort of key reversal or symmetry
break.
On a side note the NYUD on the 5 min chart is always a good
intra day trend guide when it is above the 15 EMA market is
uptrending and when it is below it's downtrending, it's not perfect
but it's a good guide, you can see it was below the whole day on
Friday and this morning was above but fell below just after 11 then
the market dumped
SPX 5min
Posted by matt on 5th of Feb 2018 at 02:33 pm
$SPX - Chart Link- right back to new lows of course, some MACD potential div but again market is solidly downtrending, unless you get some sort of key reversal or symmetry break.
On a side note the NYUD on the 5 min chart is always a good intra day trend guide when it is above the 15 EMA market is uptrending and when it is below it's downtrending, it's not perfect but it's a good guide, you can see it was below the whole day on Friday and this morning was above but fell below just after 11 then the market dumped
Any feedback as to next
Posted by bpozdoll on 5th of Feb 2018 at 02:51 pm
Any feedback as to next steps? Are we likely to buy UPRO or just cut losses at this point?