$SPX - Chart Link- daily view - notice candle
tagged the high of that trendline and reversed from there.
was an area to take some hedges or lock in a lot of gains on
longs. Remember the wedge like ending diagonal is still
something to monitor. Otherwise should today end with a doji
that will be note worthy
$SPX - Chart Link- 60 min - noted this morning
the MACD div on the 30 and 60 min time frames
been discussed many times before. Daily charts we have 20,
50, 200 SMA's because they are commonly looked at. But we use 9 EMA
for short term on the dailies. For the MA ribbons I use EMA's
only.
For all intra day we use EMA's always.
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Market comments
Posted by matt on 3rd of Apr 2019 at 02:13 pm
$SPX - Chart Link- daily view - notice candle tagged the high of that trendline and reversed from there. was an area to take some hedges or lock in a lot of gains on longs. Remember the wedge like ending diagonal is still something to monitor. Otherwise should today end with a doji that will be note worthy
$SPX - Chart Link- 60 min - noted this morning the MACD div on the 30 and 60 min time frames
$SPX - Chart Link- 30 min
Sometimes u use EMA, sometimes
Posted by bravestar on 3rd of Apr 2019 at 02:59 pm
Sometimes u use EMA, sometimes SMA. Why? I use 200 ema and it is quite different than SMA
bravestar - simple answer is
Posted by steve on 3rd of Apr 2019 at 03:24 pm
bravestar - simple answer is use what works best for you. MA's are simply guideposts as is symmetry
been discussed many times before.
Posted by matt on 3rd of Apr 2019 at 03:09 pm
been discussed many times before. Daily charts we have 20, 50, 200 SMA's because they are commonly looked at. But we use 9 EMA for short term on the dailies. For the MA ribbons I use EMA's only.
For all intra day we use EMA's always.