$SPX - Chart Link - daily, again would not
surprise me to see a retest of that broken resistance area, and 50
day MA, will price hold there and rally off or not is the
question
$SPX - Chart Link - 60 min view, had some
negative divergence and I commented how the MA ribbon band was kind
of wide, needing a reset reversion to mean pullback, also shows the
open gap from last Thur and the support area below
Matt - These are great, thank you. If you were to short
that open gap, it sounds like you'd take gains when price gets near
the 50d MA, but where would you put a stop-loss?
SPX market comments
Posted by matt on 10th of Sep 2019 at 09:42 am
$SPX - Chart Link - daily, again would not surprise me to see a retest of that broken resistance area, and 50 day MA, will price hold there and rally off or not is the question
$SPX - Chart Link - 60 min view, had some negative divergence and I commented how the MA ribbon band was kind of wide, needing a reset reversion to mean pullback, also shows the open gap from last Thur and the support area below
$SPX - Chart Link - 15 min showing the open gap
Note the RUT is now
Posted by matt on 10th of Sep 2019 at 10:18 am
Note the RUT is now green, while the other indexes are still nicely down.
also side note, Stockcharts.comis not updating
Matt - These are great,
Posted by shecar on 10th of Sep 2019 at 10:11 am
Matt - These are great, thank you. If you were to short that open gap, it sounds like you'd take gains when price gets near the 50d MA, but where would you put a stop-loss?
Thank you Steve - that
Posted by tgo5043 on 10th of Sep 2019 at 10:01 am
Thank you Steve - that was very helpful.