The 9/13 cross is right there. I know it has work to do from
here, though that being said..the market has been too negative on
both sides of the trade at extremes. When the buy signal came
yesterday into the big drop, the Fear/Greed index was at 15. RSI on
the indexes long term in the 20s. Can't get a better risk/reward
than that. Now you just trail up however you like. The news has
obviously been the wild card and no technicals can predict that.
All we can do is trade what is in front of us and play
levels.
Posted by elementsix on 25th of Feb 2022 at 01:47 pm
Seems like a pretty orderly up day... albeit quick. Hit my
target of SPX 4370 so I have trailing stops in place and will
likely exit per the SPY Systems at close. Not sure I will hold
anything other than OOTM hedges over the weekend.
SPX 30 Updated View
Posted by steve on 25th of Feb 2022 at 12:30 pm
$SPX - Chart Link - faster than I thought on this move but I'll take it
amazing that it's come up
Posted by matt on 25th of Feb 2022 at 01:45 pm
amazing that it's come up to that downtrend line so quickly, but they call these 'rip your face off rallies' for a reason
The 9/13 cross is right
Posted by fundamentalvalues on 25th of Feb 2022 at 01:53 pm
The 9/13 cross is right there. I know it has work to do from here, though that being said..the market has been too negative on both sides of the trade at extremes. When the buy signal came yesterday into the big drop, the Fear/Greed index was at 15. RSI on the indexes long term in the 20s. Can't get a better risk/reward than that. Now you just trail up however you like. The news has obviously been the wild card and no technicals can predict that. All we can do is trade what is in front of us and play levels.
Divergence at the down trend
Posted by mrjasongill on 25th of Feb 2022 at 01:02 pm
Divergence at the down trend line that Steve shared....could get short here at the backtest of this broken uptrend on the 5 min..
nice fake out by the
Posted by mrjasongill on 25th of Feb 2022 at 01:56 pm
nice fake out by the market...the hourly candle should close below that trendline. Another divergent high on the 5 min...
Taged the downtrend again and
Posted by mrjasongill on 25th of Feb 2022 at 01:29 pm
Taged the downtrend again and backing off on the 5 min... I have a sell signal on 15 and 5 min on the ATR trending thing I use...
https://www.tradingview.com/x/Q6B2nHvt/
I actually see a possibility
Posted by arun on 25th of Feb 2022 at 01:40 pm
I actually see a possibility of squeeze into close
Seems like a pretty orderly
Posted by elementsix on 25th of Feb 2022 at 01:47 pm
Seems like a pretty orderly up day... albeit quick. Hit my target of SPX 4370 so I have trailing stops in place and will likely exit per the SPY Systems at close. Not sure I will hold anything other than OOTM hedges over the weekend.
Was just wondering the same,
Posted by timebandit on 25th of Feb 2022 at 01:42 pm
Was just wondering the same, the way we're hanging around just below that trend line.
ES 4377 is the 2.618
Posted by steve on 25th of Feb 2022 at 12:34 pm
ES 4377 is the 2.618 ext of first leg (big move)