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Cycle sell signal on SPX 60 minute
Steve is simply referring to this. There were cycle sells on the
60 min, 30 min, and 15 min chart a couple hrs ago and price did
pullback from them.
also in a side note there were cycle buys on the 60 min on the
pullback late last week and price bounced from there. The 120 min
and 195 min time frames the Ribbon is bullishly stacked and the
pullback last Friday corresponded with a pinch on the 195 and 120
min, and cycle buy on the 60 min, 30 min, 15 min last Friday did
provide a bounce
With all these cycle sells on 120, 60, 30 and 15 minutes does
one get ready to sell SPY at the close today or it's just
Matt - Are we able to use cycle buy/sells and DVTs or is this
something only you and Steve have? Thanks.
I mean should be clear we've discussed all that for months,
discussed in newsletters. Right now we have it on your side.
I'd like to be able to put on Tradestation but we still haven't
been able to get that done because seems like every week there's
always some other fire to put out that is always more pressing.
It's not an easy thing to put on Tradestation Network because
we have to write a detailed PDF describing all the inputs etc, and
TS is slow, it's probably a 3 week process would be me
it's on the agenda to do but we just haven't had to time to
focus on it with having to deal with these more pressing issues
Makes sense, just wondering if there was a workaround or similar
type of "built in" indicator we could use until tradestation gets
what is a cycle sell signal
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