here's the updated chart - again was a nice bounce trade
off those wide ribbons and dojis and cycles. you had Demark 9 and
13, and on that last high a demark 9 near Steve's resistance
zone
that said, the MA ribbon still may need to be worked off more on
that 15 min a bit more, but the bounce trade was nice on futures -
about 20 points from the doji trigger, not bad, now pulling
back
nice bounce on ES futures
ES futures
Posted by matt on 15th of Mar 2024 at 10:50 am
nice bounce on ES futures and SPX.
remember I said be careful thinking price is just going to easily trend down on a Quad Witch day
plus as I pointed out below the MA ribbon was super wide on the 15 and 5 min charts of ES, looked poised for a bounce
here's the updated chart -
Posted by matt on 15th of Mar 2024 at 11:01 am
here's the updated chart - again was a nice bounce trade off those wide ribbons and dojis and cycles. you had Demark 9 and 13, and on that last high a demark 9 near Steve's resistance zone
that said, the MA ribbon still may need to be worked off more on that 15 min a bit more, but the bounce trade was nice on futures - about 20 points from the doji trigger, not bad, now pulling back
SPX wicked down to touch
Posted by DigiNomad on 15th of Mar 2024 at 10:56 am
SPX wicked down to touch that next VWAP level to the penny before bouncing hard. Just like yesterday, but the next VWAP down.