Posted by mrjasongill on 23rd of Feb 2022 at 01:59 pm
Matt/Steve, can you share your thoughts on 15 min?
I'm seeing big divergence on the RSI on 15 min.....also we
had a reversal canle on the 5 min when we bounced off 4552.
yep tape sucks and you have overhang news crap like this
Washington has given Ukrainian President Volodymyr Zelensky an
intelligence assessment that a full-blown Russian invasion of his
country will come within the next 48 hours, Newsweek reported
Wednesday, citing US intelligence officials.
The assault was predicted to include a cyberattack and,
indeed, shortly after Newsweek received the information a
cyberattack took down Ukrainian state websites.
A US official with direct knowledge of the developments told
Newsweek that Zelensky was told a Russian invasion “will highly
likely begin” in the next two days.
Not really any good setups so no need to FORCE trades - you may
or may not get a squeeze with market in no man's land currently.
Surprises tend to occur in direction of prevailing trend especially
below 200 day MA
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Matt/Steve, can you share your
Posted by mrjasongill on 23rd of Feb 2022 at 01:59 pm
Matt/Steve, can you share your thoughts on 15 min? I'm seeing big divergence on the RSI on 15 min.....also we had a reversal canle on the 5 min when we bounced off 4552.
there's a wedge like look
Posted by matt on 23rd of Feb 2022 at 02:07 pm
there's a wedge like look but I don't know what you are seeing or asking
Thanks...I see the wedge..15 min,
Posted by mrjasongill on 23rd of Feb 2022 at 02:09 pm
Thanks...I see the wedge..15 min, 5 min, 1 min.....I'm just wondering where we go from here....the hourly looks like we're holding the 4260 support...
https://www.tradingview.com/x/w6v1AQT0/
I see the wedge also
Posted by steve on 23rd of Feb 2022 at 02:11 pm
I see the wedge also - but it's quite steep and you still may have margin calls to hit
So the steeper it is,
Posted by mrjasongill on 23rd of Feb 2022 at 02:20 pm
So the steeper it is, the less likely it pans out? MACD divergence and 5 waves right?
Any new symmetry targets/breaks?
Correct and ES just took
Posted by steve on 23rd of Feb 2022 at 02:26 pm
Correct and ES just took out yesterday's lows - thus my concern was valid. Market is far too quick to address every nuance -trade your plan
Divergence on VIX to SPX...Vix
Posted by rareto25 on 23rd of Feb 2022 at 02:34 pm
Divergence on VIX to SPX...Vix Lower High while SPY lower Lows!!
Yes but that alone is
Posted by steve on 23rd of Feb 2022 at 02:44 pm
Yes but that alone is NOT a buy signal - as was the case yesterday as well on a closing basis
yep tape sucks and you
Posted by matt on 23rd of Feb 2022 at 02:14 pm
yep tape sucks and you have overhang news crap like this
Washington has given Ukrainian President Volodymyr Zelensky an intelligence assessment that a full-blown Russian invasion of his country will come within the next 48 hours, Newsweek reported Wednesday, citing US intelligence officials.
The assault was predicted to include a cyberattack and, indeed, shortly after Newsweek received the information a cyberattack took down Ukrainian state websites.
A US official with direct knowledge of the developments told Newsweek that Zelensky was told a Russian invasion “will highly likely begin” in the next two days.
Not really any good setups
Posted by steve on 23rd of Feb 2022 at 02:05 pm
Not really any good setups so no need to FORCE trades - you may or may not get a squeeze with market in no man's land currently. Surprises tend to occur in direction of prevailing trend especially below 200 day MA