$SPX - Chart Link - 5 min for now both MA
ribbons are pinching, bulls need those to cross up as they are
bearishly stacked for now
$SPX - Chart Link - 15 min wedge, the MA
ribbon is pinching from a bullish configuration. One option I show
is a bounce to re-test the broken wedge this afternoon then fail
into the close?
$SPX - Chart Link - updated 5 min view -
again with the kind of ranges the market has, I'm fine trading 5
min charts like this via UPRO or MES. You had valid long triggers
earlier I pointed out on the coil backtest. The widest your stop
should be at this point is that last higher low where my arrow
is
2700-2800. Due note I always have stops at key support
levels (Matt puts out every night on their newsletter). Its
going to be a a lot of turbulence along the way with the VIX still
being so elevated. I am only using 10% of my portfolio for
SPY and TNA. This market can turn on a dime and tank
so I do not want to risk that much right now. Like buying a
new boat and taking it out during a Hurricane to see if she is sea
worthy. Might need a bigger boat:)
Yeah, I’m I’m listening and love the guidance from Newsletter,
but was confused whether we are looking for a lower high or new
high. Thanks for your thoughts!
market was up 17% in three days. There is going to be a
pullback (need to recycle to bring new buyers in) or else it just
becomes all short covering and then no new buyers , market momentum
wanes and sells off. You want to see institutional buying
(they are not going to chase momentum). They buy at support
regions that Matt points out during the day.
SPX 5 and 15 min
Posted by matt on 27th of Mar 2020 at 11:14 am
$SPX - Chart Link - 5 min for now both MA ribbons are pinching, bulls need those to cross up as they are bearishly stacked for now
$SPX - Chart Link - 15 min wedge, the MA ribbon is pinching from a bullish configuration. One option I show is a bounce to re-test the broken wedge this afternoon then fail into the close?
Update: SPX 5 and 15 min
Posted by matt on 27th of Mar 2020 at 12:21 pm
$SPX - Chart Link - updated view
Update: Update: SPX 5 and 15 min
Posted by matt on 27th of Mar 2020 at 03:10 pm
$SPX - Chart Link - updated 5 min view - again with the kind of ranges the market has, I'm fine trading 5 min charts like this via UPRO or MES. You had valid long triggers earlier I pointed out on the coil backtest. The widest your stop should be at this point is that last higher low where my arrow is
Update: Update: SPX 5 and 15 min
Posted by matt on 27th of Mar 2020 at 01:28 pm
$SPX - Chart Link - updated 5 min view
Does the SPX 15 minute
Posted by golfmyway5 on 27th of Mar 2020 at 02:33 pm
Does the SPX 15 minute chart look of a bear flag? Very choppy advance so far
IF it breaks below today
Posted by ssaffer on 27th of Mar 2020 at 02:41 pm
IF it breaks below today trendline and at (2). Oil is firming up so I wouldn't be surprised if we run up into the close.
2540 was the pullback zone
Posted by ssaffer on 27th of Mar 2020 at 12:40 pm
2540 was the pullback zone tgt i had.
Shouldn't a retrenchment be at
Posted by golfmyway5 on 27th of Mar 2020 at 01:06 pm
Shouldn't a retrenchment be at least around 38% level from the 2636 which will be around 2470 SPX level?
Ssaffer, what is your upside
Posted by mdgfain on 27th of Mar 2020 at 12:43 pm
Ssaffer, what is your upside target now? Thanks.
2700-2800. Due note I always
Posted by ssaffer on 27th of Mar 2020 at 12:55 pm
2700-2800. Due note I always have stops at key support levels (Matt puts out every night on their newsletter). Its going to be a a lot of turbulence along the way with the VIX still being so elevated. I am only using 10% of my portfolio for SPY and TNA. This market can turn on a dime and tank so I do not want to risk that much right now. Like buying a new boat and taking it out during a Hurricane to see if she is sea worthy. Might need a bigger boat:)
Yeah, I’m I’m listening and
Posted by mdgfain on 27th of Mar 2020 at 01:34 pm
Yeah, I’m I’m listening and love the guidance from Newsletter, but was confused whether we are looking for a lower high or new high. Thanks for your thoughts!
market was up 17% in
Posted by ssaffer on 27th of Mar 2020 at 01:43 pm
market was up 17% in three days. There is going to be a pullback (need to recycle to bring new buyers in) or else it just becomes all short covering and then no new buyers , market momentum wanes and sells off. You want to see institutional buying (they are not going to chase momentum). They buy at support regions that Matt points out during the day.
Input appreciated
Posted by retirefire on 27th of Mar 2020 at 01:58 pm
Input appreciated