$SPX - Chart Link- ignoring wave counts and
other things just keeping it simple KISS, the moving average
ribbons are great visual guides.
when the MA ribbons become too expanded like you see illustrated
here on the 120 min on those last 3 lows, you get a reversal in
price to work that off. Just like we are getting today as those
bands were simply too wide yesterday
that's why I have the MA ribbons on all the charts, they
are great visual guides when they get too expanded (tells you to be
on the lookout for a reversal in price) and when they are tightly
pinched be on the lookout for a strong trending move
tradesavage- the easiest way is to simply open one of our charts from
the newsletters (remember unlike other services we provide our
chart URL's) open one of the charts that has the MA ribbon (almost
all of them do) and you will have it, and you can see how it's done
from the settings. Then you can change/remove/add any of the other
indicators or settings to your hearts content
Yes was looking for up today to unwind the recent plunge - what
we've yet to see is a 90% down volume day for a nice washout.
Maybe into the FOMC but just continue to trade what's in
front of you. Caught a nice trade off supply into support
4264 that I posted ahead of time. They never make it easy -
they want to unload the bus (of shorts) prior to pulling the rug.
Also posted the elevated put/call ratio earlier - many
hedged
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SPX 120 min educational observation
Posted by matt on 9th of Mar 2022 at 03:14 pm
$SPX - Chart Link- ignoring wave counts and other things just keeping it simple KISS, the moving average ribbons are great visual guides.
when the MA ribbons become too expanded like you see illustrated here on the 120 min on those last 3 lows, you get a reversal in price to work that off. Just like we are getting today as those bands were simply too wide yesterday
that's why I have the MA ribbons on all the charts, they are great visual guides when they get too expanded (tells you to be on the lookout for a reversal in price) and when they are tightly pinched be on the lookout for a strong trending move
Update: SPX 120 min educational observation
Posted by matt on 9th of Mar 2022 at 03:48 pm
QQQ - Chart Link- per my discussion about observing the MA ribbon - here's that example on the QQQ
places where the MA ribbon became to expanded/wide and you saw a logical price reversal
Matt, how do you put
Posted by tradesavage on 10th of Mar 2022 at 09:42 am
Matt, how do you put the moving average ribbon above the chart?
tradesavage - the easiest way is
Posted by matt on 10th of Mar 2022 at 09:48 am
tradesavage - the easiest way is to simply open one of our charts from the newsletters (remember unlike other services we provide our chart URL's) open one of the charts that has the MA ribbon (almost all of them do) and you will have it, and you can see how it's done from the settings. Then you can change/remove/add any of the other indicators or settings to your hearts content
https://stockcharts.com/h-sc/ui?s=XLE&p=D&yr=0&mn=9&dy=0&id=p14452986582&a=231520429&listNum=61
thanks matt!
Posted by tradesavage on 10th of Mar 2022 at 11:23 am
thanks matt!
Very cool MA ribbon setup
Posted by piclez on 9th of Mar 2022 at 04:55 pm
Very cool MA ribbon setup Matt!
Yes was looking for up
Posted by steve on 9th of Mar 2022 at 03:32 pm
Yes was looking for up today to unwind the recent plunge - what we've yet to see is a 90% down volume day for a nice washout. Maybe into the FOMC but just continue to trade what's in front of you. Caught a nice trade off supply into support 4264 that I posted ahead of time. They never make it easy - they want to unload the bus (of shorts) prior to pulling the rug. Also posted the elevated put/call ratio earlier - many hedged