$SPX - Chart Link - something to monitor
here, with today's rally the 9 EMA has pinched up against the 20
EMA on the MA configs. Something to monitor should price weaken
sorry to hear that, but you had an exit plan and you stuck
to it, so that's what matters.
For me I turned slightly positive on that 5 min falling wedge I
posted and then once symmetry was broken that turned me intra day
bullish. On sell off's I always look for those wedges and
intra day symmetry breaks
SPX 10 min MA config chart
Posted by matt on 6th of Dec 2018 at 02:17 pm
$SPX - Chart Link - something to monitor here, with today's rally the 9 EMA has pinched up against the 20 EMA on the MA configs. Something to monitor should price weaken
Got whipsawed as I had
Posted by coolhat on 6th of Dec 2018 at 03:07 pm
Got whipsawed as I had to cover my short which I initiated when price broke the trend line.. Tough market..
sorry to hear that, but
Posted by matt on 6th of Dec 2018 at 03:44 pm
sorry to hear that, but you had an exit plan and you stuck to it, so that's what matters.
For me I turned slightly positive on that 5 min falling wedge I posted and then once symmetry was broken that turned me intra day bullish. On sell off's I always look for those wedges and intra day symmetry breaks
Hi Matt, can you comment
Posted by goap1207 on 6th of Dec 2018 at 05:32 pm
Hi Matt, can you comment on the Skew Index. It is at 117 from 158. What does this mean if anything? Thanks
I actually have never looked
Posted by matt on 6th of Dec 2018 at 07:39 pm
I actually have never looked at the Skew Index, thanks for bringing it up, I'll investigate it and add it to our list of charts