very short term 1 min, you can see had a Demark 13 and the
ribbon was severely stretched, with my Derivative indicator giving
a warning for a reversal.
it's all about timing, so point is, if you were looking at those
2hr, 60 min charts and wanted to short, when you see the 1 min like
that you know not to chase and allow a bounce
remember earnings this week will take center stage
so as a follow up to that, here's where I waited to add some
shorts. As I stated when I posted those the market was short term
oversold on the 1 min with that Demark 13. Got a nice bounce and
then had a Demark 9 that occurred right at a resistance cycle, then
the Derivative indicator started to flip so added in there
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Index charts
Posted by matt on 19th of Apr 2021 at 10:14 am
$SPX - Chart Link- 2hr we've all know it was diverging for quite a while, then we had that 3 pattern RSI divergence
$SPX - Chart Link- 60 min
$SPX - Chart Link- 15 min showing next support zones
QQQ - Chart Link- 60 min
Update: Index charts
Posted by matt on 19th of Apr 2021 at 10:49 am
$SPX - Chart Link- right around that 4150 could be some support
very short term 1 min,
Posted by matt on 19th of Apr 2021 at 10:23 am
very short term 1 min, you can see had a Demark 13 and the ribbon was severely stretched, with my Derivative indicator giving a warning for a reversal.
it's all about timing, so point is, if you were looking at those 2hr, 60 min charts and wanted to short, when you see the 1 min like that you know not to chase and allow a bounce
remember earnings this week will take center stage
so as a follow up
Posted by matt on 19th of Apr 2021 at 10:48 am
so as a follow up to that, here's where I waited to add some shorts. As I stated when I posted those the market was short term oversold on the 1 min with that Demark 13. Got a nice bounce and then had a Demark 9 that occurred right at a resistance cycle, then the Derivative indicator started to flip so added in there