$SPX - Chart Link - following up to the
SPX MA ribbon post earlier, here's another education: After the
first MA pinch which worked out well, price had a big run up,
however notice how wide the bands got? When the MA ribbon gets that
wide, I'm generally very careful about buying the pullback, for
example I would have avoided buying that MA pinch I show on the
chart. Basically when the MA ribbon gets too wide I expect a
larger consolidation
$SPX - Chart Link- otherwise on the zoomed out
5 min cup and handle pattern that I pointed out earlier before it
played out, price is testing support here so could be an area to
watch to see if it finds support.
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SPX 5 min educational comments
Posted by matt on 15th of Mar 2019 at 12:56 pm
$SPX - Chart Link - following up on my MA ribbon discussion - here's what I'm talking about!
on the 5 min SPX chart, the MA ribbon turned bullishly configured, that first pullback, pinch, is almost always a great buy opportunity!
Update: SPX 5 min educational comments
Posted by matt on 15th of Mar 2019 at 03:14 pm
$SPX - Chart Link - following up to the SPX MA ribbon post earlier, here's another education: After the first MA pinch which worked out well, price had a big run up, however notice how wide the bands got? When the MA ribbon gets that wide, I'm generally very careful about buying the pullback, for example I would have avoided buying that MA pinch I show on the chart. Basically when the MA ribbon gets too wide I expect a larger consolidation
Good stuff, thanks Matt.
Posted by chapgolf on 17th of Mar 2019 at 08:44 am
Good stuff, thanks Matt.
Update: Update: SPX 5 min educational comments
Posted by matt on 15th of Mar 2019 at 03:16 pm
$SPX - Chart Link- otherwise on the zoomed out 5 min cup and handle pattern that I pointed out earlier before it played out, price is testing support here so could be an area to watch to see if it finds support.