Actually too bad you weren't super bearish as when u made that
post that was just before the market made that huge drop. So
is the takeaway the MA's aren't that useful at critical
junctures?
TRIGGER my man - you need a trigger when they come together.
When the MA's pinch, is NOT a buy or sell signal, it means
energy is pent upand where they will either rebound
back up in the direction, or continue lower and cross down.
They never reversed, it was only potential there.
this should be common sense guys. Again when MA's pinch
together is not a buy or sell signals, it means that energy is pent
up, only tells you to be on the lookout, it doesn't mean it will
occur. MA's either rebound off one another or they slice through
one another
Also on very high news driven days like this and on a Friday you
need to be following a 5 min or 3 min intra day chart for clues,
there's been no symmetry breaks or anything.
and on the 30 min chart for a trigger you needed price to form
some sort of doji candle or something to give you a trigger, which
never occurred.
Now at this moment prices are at another level - the 61.8% Fib
retracemet of the 2672 high and the 2553 low. The 61.8 Fib is
another level to see if there's a reversal up in price or not i.e.
do prices just slice right through it too
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SPX 30 min, MA config
Posted by matt on 6th of Apr 2018 at 01:30 pm
$SPX - Chart Link - note the MA config, this is why I'm not super bearish at this second, those MA's could provide support.
again crazy Trump tweets on the weekend who knows, but for now just pointing out the MA config
Actually too bad you weren't
Posted by victorh on 6th of Apr 2018 at 02:19 pm
Actually too bad you weren't super bearish as when u made that post that was just before the market made that huge drop. So is the takeaway the MA's aren't that useful at critical junctures?
TRIGGER my man - you
Posted by matt on 6th of Apr 2018 at 02:31 pm
TRIGGER my man - you need a trigger when they come together. When the MA's pinch, is NOT a buy or sell signal, it means energy is pent upand where they will either rebound back up in the direction, or continue lower and cross down. They never reversed, it was only potential there.
this should be common sense guys. Again when MA's pinch together is not a buy or sell signals, it means that energy is pent up, only tells you to be on the lookout, it doesn't mean it will occur. MA's either rebound off one another or they slice through one another
Also on very high news driven days like this and on a Friday you need to be following a 5 min or 3 min intra day chart for clues, there's been no symmetry breaks or anything.
and on the 30 min chart for a trigger you needed price to form some sort of doji candle or something to give you a trigger, which never occurred.
Now at this moment prices are at another level - the 61.8% Fib retracemet of the 2672 high and the 2553 low. The 61.8 Fib is another level to see if there's a reversal up in price or not i.e. do prices just slice right through it too