Update: market comments

    market comments

    Posted by matt on 7th of Nov 2019 at 03:16 pm

    $SPX - Chart Link - follow up to my 5 min chart from earlier. 

    note I added a 2nd MA ribbon, one pattern I like to see is notice how the top wider MA ribbon was pinching some and had a weak bounce where the 9 EMA ran into the underside of the 20 and 34 EMA, but wasn't your traditional bearish pinch. HOWEVER the faster MA ribbon below you had a tight pinch and confirmed setup


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