$SPX - Chart Link - note on the 5 min SPX
we are pulling back in that mid day time frame I suggested. My only
concern is the MACD divergence, typically on trend days don't get
that divergence until the second push to a new high in the
afternoon.
anyway watch the 50 SMA price normally retraces to retest that,
also MACD tends to recycle back to zero which it is trying to
do.
you obviously want to see 60 Stochastic remain above 80% or
close to it.
currently fast Stochastic 10 length is recycling, not yet
oversold
Update: SPX 5 min
SPX 5 min
Posted by matt on 24th of Mar 2020 at 01:01 pm
$SPX - Chart Link - note on the 5 min SPX we are pulling back in that mid day time frame I suggested. My only concern is the MACD divergence, typically on trend days don't get that divergence until the second push to a new high in the afternoon.
anyway watch the 50 SMA price normally retraces to retest that, also MACD tends to recycle back to zero which it is trying to do.
you obviously want to see 60 Stochastic remain above 80% or close to it.
currently fast Stochastic 10 length is recycling, not yet oversold
Update: Update: SPX 5 min
Posted by matt on 24th of Mar 2020 at 01:44 pm
$SPX - Chart Link
huge 15 min of trading
Posted by 3rdmilcharts on 24th of Mar 2020 at 01:45 pm
huge 15 min of trading coming up
need to invalidate the bearish
Posted by 3rdmilcharts on 24th of Mar 2020 at 01:46 pm
need to invalidate the bearish candle on the hourly chart