$SPX - Chart Link - Moving average ribbon
is pinching up here after this sideways chop action today.
This is an area for price to either rebound and break out for a low
risk long with a tight stop, or price goes lower and the MA ribbon
goes negative.
$SPX - Chart Link - nice long trade off
that 5 min when the MA's were pinching and bullishly stacked.
again long trigger would have been 1 penny off that doji where
you see my arrow with a stop at the low of that candle for an uber
tight stop.
Price has now broken the trendline, however again I would not
have waited for that trendline to break before going long, my
trigger would have been the doji candle.
SPX 5 min with pivots
Posted by matt on 28th of Dec 2018 at 01:46 pm
$SPX - Chart Link - Moving average ribbon is pinching up here after this sideways chop action today. This is an area for price to either rebound and break out for a low risk long with a tight stop, or price goes lower and the MA ribbon goes negative.
Update: SPX 5 min with pivots
Posted by matt on 28th of Dec 2018 at 02:10 pm
$SPX - Chart Link - nice long trade off that 5 min when the MA's were pinching and bullishly stacked.
again long trigger would have been 1 penny off that doji where you see my arrow with a stop at the low of that candle for an uber tight stop.
Price has now broken the trendline, however again I would not have waited for that trendline to break before going long, my trigger would have been the doji candle.
Matt, Did an inverse H&S
Posted by tgo5043 on 28th of Dec 2018 at 02:59 pm
Matt, Did an inverse H&S just fire on the ES futures?
Adjust your proposed neckline lower
Posted by steve on 28th of Dec 2018 at 03:15 pm
Adjust your proposed neckline lower to meet the RS - well above that level already. Shoulders fall outside the neckline
Quick 50% Retrace of Today's
Posted by steve on 28th of Dec 2018 at 03:16 pm
Quick 50% Retrace of Today's Range
kinda sorta
Posted by matt on 28th of Dec 2018 at 03:11 pm
kinda sorta
Looks like a triangle consolidation
Posted by mstrpln on 28th of Dec 2018 at 02:05 pm
Looks like a triangle consolidation under the downtrend line. Maybe Mr. Market is getting ready to take it out soon.