$SPX - Chart Link- updated 5 min SPX, price
pulled back to the 50 SMA on the 5 min, fast Stochastic oversold.
VWAP, could be a lower risk are for the market to bounce
from.
price is either going to fail here or push higher again.
Typically though I like to see the pullback bounce low around 2 pm
so it's early so that's a concern
$SPX - Chart Link - worked out perfected,
typical trend day bounced around the 2 pm time frame I mentioned
below and found support near 50 SMA and VWAP.
thx, it did play out almost exactly, as I mentioned that
typically the pullback mid day lasts until 2 pm EST, and that's
almost exactly where it stopped and price started the next leg
up
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Update: SPX 5 min
SPX 5 min
Posted by matt on 27th of Apr 2020 at 01:25 pm
$SPX - Chart Link- updated 5 min SPX, price pulled back to the 50 SMA on the 5 min, fast Stochastic oversold. VWAP, could be a lower risk are for the market to bounce from.
price is either going to fail here or push higher again. Typically though I like to see the pullback bounce low around 2 pm so it's early so that's a concern
Update: Update: SPX 5 min
Posted by matt on 27th of Apr 2020 at 02:39 pm
$SPX - Chart Link - worked out perfected, typical trend day bounced around the 2 pm time frame I mentioned below and found support near 50 SMA and VWAP.
UPRO - Chart Link - there's the UPRO 5 min equivalent.
you had two low risk times to go long on those two pullbacks today
Timed perfectly as usual Matt!
Posted by pebs on 27th of Apr 2020 at 02:13 pm
Timed perfectly as usual Matt! Thanks!
thx, it did play out
Posted by matt on 27th of Apr 2020 at 02:46 pm
thx, it did play out almost exactly, as I mentioned that typically the pullback mid day lasts until 2 pm EST, and that's almost exactly where it stopped and price started the next leg up