Posted by frtaylor on 21st of Apr 2020 at 02:03 pm
Matt, your 60 min SPX chart sports a 12 pm hammer or doji candle
at the lows, and a break above its high for the 1 pm candle.
That and a (slight) break above the previous bounce, plus the
new stimulus, may mean we get a bigger bounce. Attached chart
shows a 1min wedge, it's already broken it. A bounce target might
be the 9ema on the 60 min chart, 2774 or so.
regardless the intra day long trade was good out of hat wedge
and the double bottom retest.
what goes on now here the last 1.5 hrs into the close who knows.
point is I was looking for a bounce trade, we got it. now hard to
say what happens next 1.5 hrs
Matt, your 60 min SPX
Posted by frtaylor on 21st of Apr 2020 at 02:03 pm
Matt, your 60 min SPX chart sports a 12 pm hammer or doji candle at the lows, and a break above its high for the 1 pm candle. That and a (slight) break above the previous bounce, plus the new stimulus, may mean we get a bigger bounce. Attached chart shows a 1min wedge, it's already broken it. A bounce target might be the 9ema on the 60 min chart, 2774 or so.
and now a solid higher
Posted by frtaylor on 21st of Apr 2020 at 02:21 pm
and now a solid higher low above the wedge at 2747.
regardless the intra day long
Posted by matt on 21st of Apr 2020 at 02:30 pm
regardless the intra day long trade was good out of hat wedge and the double bottom retest.
what goes on now here the last 1.5 hrs into the close who knows. point is I was looking for a bounce trade, we got it. now hard to say what happens next 1.5 hrs
SPX bounce coincided with move
Posted by steve on 21st of Apr 2020 at 02:22 pm
SPX bounce coincided with move up in Crude here