Matt/Steve - The 9 EMA

    Posted by shecar on 12th of Jun 2019 at 05:04 pm

    Matt/Steve - The 9 EMA on the daily SPX ribbon just barely crossed above, is this a binary signal or what exactly do you need to see for confirmation? 

    I look for a candlestick

    Posted by matt on 12th of Jun 2019 at 10:14 pm

    I look for a candlestick trigger such as a doji, which you had on Monday and would have triggered short on Tuesday if one was using a daily chart. However if one zoomed down to a 2hr  or 1 hr chart, you had a perfect black candle doji to trigger a really tight short off, see images

    Ok so you're looking at

    Posted by shecar on 13th of Jun 2019 at 12:20 pm

    Ok so you're looking at this as more of a "pinch" than a bullish "cross".   I'm actually looking at it for a long trigger, not short.  Sorry I should have clarified.  

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