3309 Drysdale Ct
Edwardsville, IL 62025
SPX - Matt, I'm wondering how your SPX 120 min cycles chart
looks heading into the close today? Yesterday it had a buy cycle
with a demark 13. Is that still valid after today's
Also, did the ATR get hit on the half day cycle chart? That
would put everything into a sell configuration. I'm doing the
should or stay or should I go dance into the close with my index
positions. The fact that I'm feeling like giving up on the meager
short term targets I was hoping to achieve with the latest trades
probably means we're about to get a rally. But wow, the news
internationally just keeps getting worse. The backdrop is
Half day buy cycle on both QQQ and SPX
yes ended up on the 1/2 days buy cycles and recovery from the
120 min cycles
What is the difference between the dotted line and the solid
lines on these charts?
the dotted lines are the cycles - kind of like an EW like
indicator. the solid lines are the weighted ATR average true range
indicator. The image shows a description of the cycle indicator.
The ATR is easy to understand just by thinking about it it's the
average true range of the last 14 days with extra weighting on the
most recent day - so it's something that adjusts automatically with
the market volatility
thanks Matt.. the cycles charts have always been a bit confusing
for me.. is there anywhere to read up more on this stuff? Or
perhaps you did an explanation video somewhere that I didn't catch?
If not.. perhaps one day?
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