what stood out to me on the weekend and I pointed out was that
MA ribbon on the 60 min, bottom right, and then late morning had a
13 Demark. When the MA ribbon gets too wide, you are due for
reversion to mean
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Posted by matt on 10th of May 2021 at 04:00 pm
$SPX - Chart Link- 5 min SPX, that was simply a bear flag abc bounce, then logical sell off to next support
$SPX - Chart Link- 60 min showing the TICK extreme levels, you can see where some come in just a tad lower
$SPX - Chart Link- 15 min
$INDU - Chart Link- daily chart of Dow has a spinning top doji
IWM - Chart Link- down closed right on the trendline, vulnerable
QQQ - Chart Link- obviously the QQQ's was the canary in the coal mine
Priceless... took BIG advantage of
Posted by arun on 10th of May 2021 at 04:09 pm
Priceless... took BIG advantage of these. Thanks
Totally agree - perfect timing
Posted by pjtiii on 11th of May 2021 at 09:34 am
Totally agree - perfect timing Matt - got some index puts in just in time
thanks for the feedback arun!
Posted by matt on 10th of May 2021 at 04:41 pm
thanks for the feedback arun!
what stood out to me
Posted by matt on 10th of May 2021 at 04:06 pm
what stood out to me on the weekend and I pointed out was that MA ribbon on the 60 min, bottom right, and then late morning had a 13 Demark. When the MA ribbon gets too wide, you are due for reversion to mean