$SPX - Chart Link- my comments below were false
the 60 Stochastic has been above all day.
The way trend days work - the market gaps up and is strong all
morning into mid day 1 - 2 PM. Around this time price will
generally pull back and consolidate, allowing for the MACD to
recycle back to zero and price recycle back to near 50 MA. Then
typically you get another rally to new highs after the
consolidation usually after 2 pm.
monitor 60 Stochastic as it generally stays over 80 while the
trend is in play
$SPX - Chart Link - as I stated below for
a trend day - these typically are strong all morning after a gap
and then finally consolidate between the 1 - 2 pm time frame, and
so far we have been getting that consolidation. Price near 50
SMA and MACD recycle. Typically once this is done you would get
another push to new highs in early after noon say between 2 - 3 pm,
as long as the 60 length Stochastic remains above 80%
however now we'll see if this ends up being another intra day
bear flag or a break in symmetry to form a higher low intra
day. We have 9 points off the lows, which is slightly larger
than the 8.2 morning bounce
$SPX - Chart Link- we also had a Stochastic
momo setup when the 60 Stochastic remained over 80% while the
faster stochastic became oversold -proving a long entry
otherwise I'd rather have more of a pullback to the 50 MA so
view that as a trade
Posted by alvinjm27 on 18th of Jan 2019 at 02:06 pm
If it ends up being a trend day, does the follow trading day
typically start with pulling back? I recall reading that on here
before...can you clarify?
the following day is typically a consolidation day, chop day,
rarely do you get two strong trend days in a row. It does and can
happen of course where you get a back to back strong day, but
generally the next day is a choppy day and many times a slight down
day or doji
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5 min SPX and trend day
Posted by matt on 18th of Jan 2019 at 12:50 pm
$SPX - Chart Link- my comments below were false the 60 Stochastic has been above all day.
The way trend days work - the market gaps up and is strong all morning into mid day 1 - 2 PM. Around this time price will generally pull back and consolidate, allowing for the MACD to recycle back to zero and price recycle back to near 50 MA. Then typically you get another rally to new highs after the consolidation usually after 2 pm.
monitor 60 Stochastic as it generally stays over 80 while the trend is in play
link to trend day explanation.
anyway we are now in the consolidation time frame 1 - 2 pm window
Update: 5 min SPX and trend day
Posted by matt on 18th of Jan 2019 at 01:55 pm
$SPX - Chart Link - as I stated below for a trend day - these typically are strong all morning after a gap and then finally consolidate between the 1 - 2 pm time frame, and so far we have been getting that consolidation. Price near 50 SMA and MACD recycle. Typically once this is done you would get another push to new highs in early after noon say between 2 - 3 pm, as long as the 60 length Stochastic remains above 80%
Update: Update: 5 min SPX and trend day
Posted by matt on 22nd of Jan 2019 at 01:35 pm
$SPX - Chart Link - 52 points off the highs now. MA's now pinched together
Update: Update: Update: 5 min SPX and trend day
Posted by matt on 22nd of Jan 2019 at 02:02 pm
$SPX - Chart Link - price bounced off that support zone we discussed at the 2625 area
$SPX - Chart Link - the div on the 30 min also supported a bounce.
however now we'll see if this ends up being another intra day bear flag or a break in symmetry to form a higher low intra day. We have 9 points off the lows, which is slightly larger than the 8.2 morning bounce
Update: Update: 5 min SPX and trend day
Posted by matt on 18th of Jan 2019 at 02:10 pm
$SPX - Chart Link- we also had a Stochastic momo setup when the 60 Stochastic remained over 80% while the faster stochastic became oversold -proving a long entry
otherwise I'd rather have more of a pullback to the 50 MA so view that as a trade
https://breakpointtrades.com/education/legacy/?nl_id=3304
60 Stochastic fell below 80.
Posted by tgo5043 on 18th of Jan 2019 at 02:44 pm
60 Stochastic fell below 80. Nice time to ring up some profits.
If it ends up being
Posted by alvinjm27 on 18th of Jan 2019 at 02:06 pm
If it ends up being a trend day, does the follow trading day typically start with pulling back? I recall reading that on here before...can you clarify?
the following day is typically
Posted by matt on 18th of Jan 2019 at 02:14 pm
the following day is typically a consolidation day, chop day, rarely do you get two strong trend days in a row. It does and can happen of course where you get a back to back strong day, but generally the next day is a choppy day and many times a slight down day or doji