SPX 5 min chart -

    Posted by frtaylor on 3rd of Mar 2023 at 02:42 pm

    SPX 5 min chart - wedge with neg divergence on the RSI 5 and a completed evening star pattern.  Hmm, maybe needs one more touch of the upper line?

    Looks like a double top

    Posted by frtaylor on 3rd of Mar 2023 at 02:56 pm

    Looks like a double top at this point. Took a short trade w/ SPXS. Edit: stopped out.

    Now I'm curious if Steve

    Posted by mschwand on 3rd of Mar 2023 at 03:04 pm

    Now I'm curious if Steve would think that's CTAs/algos trying to run the stops on your double top (there was definite divergence there)

    Same here! Curious to see

    Posted by icecoldjones on 3rd of Mar 2023 at 03:02 pm

    Same here! Curious to see if any systems trigger today with such a heavy buy day.

Newsletter

Subscribe to our email list for regular free market updates
as well as a chance to get coupons!