SPX 3 Today's action in a nutshell

    Posted by steve on 23rd of May 2022 at 04:04 pm

    $SPX - Chart Link - bounced off VWAP all day (mechanical action) 

    Matt, it seems you are

    Posted by bulf6285 on 23rd of May 2022 at 05:08 pm

    Matt, it seems you are finding the 3 min chart preferable to 5 min lately. Is that accurate? 

    I use both, and a

    Posted by matt on 23rd of May 2022 at 06:50 pm

    I use both, and a 1 min as well

    Really like to see those

    Posted by Orangeman on 23rd of May 2022 at 04:19 pm

    Really like to see those big green bars into the close!

    Here is hoping we can sustain a rally for more than 1.5d.

    Those big green bars into

    Posted by steve on 23rd of May 2022 at 05:27 pm

    Those big green bars into the close have been seen several times just prior to a reversal the following day during this  entire selloff. So please keep an open mind and adjust if necessary.

    Same pattern unfolding that I

    Posted by steve on 24th of May 2022 at 10:21 am

    Same pattern unfolding that I mentioned after the close yesterday 

    Wise words as evidenced by

    Posted by Orangeman on 23rd of May 2022 at 07:25 pm

    Wise words as evidenced by the selloff as the futures opened.  Thanks Steve.

    yep - sell the morning

    Posted by matt on 23rd of May 2022 at 04:08 pm

    yep - sell the morning rip - then hit a few golf balls, check in and buy back at the VWAP - hit some more golf balls, sell again,  check in last 20 min of the day, buy back at VWAP again

    Perfect - great analysis- chance

    Posted by watcdy on 23rd of May 2022 at 04:26 pm

    Perfect - great analysis- chance to work on my shank 

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