SPX 5 min

    Posted by matt on 23rd of Aug 2019 at 11:02 am

    $SPX - Chart Link - you can see how the MA ribbon pinched on that bounce for the lower high, was a good shorting area

    Update: SPX 5 min

    Posted by matt on 23rd of Aug 2019 at 12:39 pm

    $SPX - Chart Link - updated SPX 5 min showing symmetry etc

    Update: Update: SPX 5 min

    Posted by matt on 23rd of Aug 2019 at 01:14 pm

    $SPX - Chart Link- small wedge intra day

    again make sure to to have your Trump tweet indicator up, China indicator etc, the market is very jittery and suspect to big intra day jyrations

    Update: Update: Update: SPX 5 min

    Posted by matt on 23rd of Aug 2019 at 01:35 pm

    $SPX - Chart Link - I redrew it

    unless the SPX can put

    Posted by matt on 23rd of Aug 2019 at 02:37 pm

    unless the SPX can put ina  nice divergent low intra day here soon, would not shock me for it dump hard in the final hrs and SPX end down 100 points and considering it's Friday, folks being nervous for about potential weekend news time bombs. Again on these trend day downs, price many times tries to bounce early afternoon from a divergence but when that fails, it can dump pretty hard. The last bounce stalled out at 11 points.  All I'm saying if price is going to bounce it better do so soon otherwise it could get even uglier the last hr

    as I stated earlier unless

    Posted by matt on 23rd of Aug 2019 at 03:44 pm

    as I stated earlier unless the SPX bounced right away from that 5 min div, it would likely weaken a lot the last hr. Still way off from my 100 point call but who knows, 15 points left

    Thanks... will be interesting to

    Posted by deep on 23rd of Aug 2019 at 01:44 pm

    Thanks... will be interesting to see if it can break out up... bought some BA 360 calls with today's expiration in case of last 30 min rally.

    yeah I mean guys that

    Posted by matt on 23rd of Aug 2019 at 11:13 am

    yeah I mean guys that 5 min SPX all it did was form a lower high and the MA ribbon pinched there, where it would likely fail. Good short there.

    now the way this market has been moving if you took a piss you missed it. moves are fast and hard now.  And now it's Friday,  so you have the weekend nervousness etc

    Plus your old STRAP system

    Posted by retirefire on 23rd of Aug 2019 at 11:28 am

    Plus your old STRAP system was SHORT. Very well done

    retirefire - that Strap trade

    Posted by matt on 23rd of Aug 2019 at 12:24 pm

    retirefire - that Strap trade is gonna hold the trade, I'll let you guys know when it decides to cover. Also that trade triggered on the ES version not SPY

    got it, thanks for update

    Posted by retirefire on 23rd of Aug 2019 at 01:02 pm

    got it, thanks for update

    yep that was a nice

    Posted by matt on 23rd of Aug 2019 at 11:38 am

    yep that was a nice short. I don't know if it's looking to cover now with this move down, my Tradestation program is currently locked up wit this big sell off as Tradestation tends to get hung up and overwhelmed on these market melt down days. I need to reboot it sometime today.

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