$SPX - Chart Link - you can see that the 9
EMA is finally getting close to the 20 EMA. After Christmas when
the market bounce began I said that the MA's were so spread apart
that it would take a good bounce to get them close together.
You can also see how that pullback last week at the time I
projected it to form a lower high then push again, which it
did.
anyway this chart also contains the Fibs from the Dec 3rd high
with that 61.8 Fib higher as well a the 50 MA
SPX daily MA config chart
Posted by matt on 10th of Jan 2019 at 11:50 am
$SPX - Chart Link - you can see that the 9 EMA is finally getting close to the 20 EMA. After Christmas when the market bounce began I said that the MA's were so spread apart that it would take a good bounce to get them close together. You can also see how that pullback last week at the time I projected it to form a lower high then push again, which it did.
anyway this chart also contains the Fibs from the Dec 3rd high with that 61.8 Fib higher as well a the 50 MA
here's the daily SPX MA
Posted by matt on 10th of Jan 2019 at 11:53 am
here's the daily SPX MA config from Tradestation, you can see the 9 EMA finally catching up to the 20
also note the 60 Stoch is testing underside of 50%
Looks like the last two
Posted by EdZ on 10th of Jan 2019 at 11:53 am
Looks like the last two times the 9ema pinched the markets pulled back.