Here's an image showing 120 min QQQ and SPX chart.
note the QQQ is pausing some at the ATR, so likely area for
price to at least pause or pullback from.
on the SPX chart on the right, notice price strongly broke
through the ATR. However price has NOT confirmed yet, needs a
candle that closes over the high of that last candle. Also note the
60 Stochastic is nearing the underside of 50%
If we get buy signals on these KISS charts it would be a nice
way to re-enter the daily 401K KISS system if one were to have
stopped out. I think you have said this before.
I will be actively communicating what the 120 min charts are
doing, we do in every newsletter
as far as daily will be a good test this time to see if the
first DVT was the best option vs using the higher one, to avoid a
whipsaw. See past images where if there were only 2 DVT's
using the first one avoided many whipsaws.
again market doesn't like uncertainty. If there's a clear winner
early on this week I think the market will like that. If there's
not however I think the market will dump
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120 min KISS charts
Posted by matt on 3rd of Nov 2020 at 12:55 pm
Here's an image showing 120 min QQQ and SPX chart.
note the QQQ is pausing some at the ATR, so likely area for price to at least pause or pullback from.
on the SPX chart on the right, notice price strongly broke through the ATR. However price has NOT confirmed yet, needs a candle that closes over the high of that last candle. Also note the 60 Stochastic is nearing the underside of 50%
If we get buy signals
Posted by cozz101 on 3rd of Nov 2020 at 03:02 pm
If we get buy signals on these KISS charts it would be a nice way to re-enter the daily 401K KISS system if one were to have stopped out. I think you have said this before.
I will be actively communicating
Posted by matt on 3rd of Nov 2020 at 04:08 pm
I will be actively communicating what the 120 min charts are doing, we do in every newsletter
as far as daily will be a good test this time to see if the first DVT was the best option vs using the higher one, to avoid a whipsaw. See past images where if there were only 2 DVT's using the first one avoided many whipsaws.
again market doesn't like uncertainty. If there's a clear winner early on this week I think the market will like that. If there's not however I think the market will dump