$SPX - Chart Link - again typical Trend
Day activity, gap up, run higher all morning, and 1 hr sideways
consolidation mid day - price is now nearing the 50 SMA on the 5
min and VWAP - where you typically start to look for
support.
Note price did bounce fof the VWAP earlier as well as the faster
10 length Stochastic getting oversold twice with a typical abc
pullback
so like typical trend days we'll see if we get another push to a
new high in the afternoon
SPX 5 min
Posted by matt on 3rd of Jun 2020 at 01:40 pm
$SPX - Chart Link - again typical Trend Day activity, gap up, run higher all morning, and 1 hr sideways consolidation mid day - price is now nearing the 50 SMA on the 5 min and VWAP - where you typically start to look for support.
Note price did bounce fof the VWAP earlier as well as the faster 10 length Stochastic getting oversold twice with a typical abc pullback
so like typical trend days we'll see if we get another push to a new high in the afternoon
Update: SPX 5 min
Posted by matt on 3rd of Jun 2020 at 02:07 pm
$SPX - Chart Link - busted out of that range - also note all those simple abc's we've had on pullbacks - those are easy long entries
Update: Update: SPX 5 min
Posted by matt on 3rd of Jun 2020 at 03:28 pm
$SPX - Chart Link - the Trend day played out just as I said
so one could have also bought that mid day consolidation, ES futures, UPRO whatever still a nice day trade as we expected a new afternoon high
We are another 1 or
Posted by kevindeng0727 on 3rd of Jun 2020 at 02:08 pm
We are another 1 or 2 up days away from a new all time high in NYAD and OBV of SPX lol.