Posted by DigiNomad on 18th of Mar 2024 at 11:38 am
MA Ribbon SPX 130 - Interesting using this for wave counts
instead of looking at somewhat complicated price. I still use both
but I'm leaning more towards the ribbon as I get used to it.
Anyway, the 130 ribbon right now shows a 5 wave pattern completed
to the downside last week which could potentially make today's move
a wave A vs a 1? That's not what I suggested in my last post,
but then I expanded the ribbon and blocked everything else out.
...the market does tend to play sick right before Fed
meetings I think in hopes of conniving more stimulus out of the
Fed. Running hard into Wednesday probably wouldn't play well in the
Fed meeting starting tomorrow.
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MA Ribbon SPX 130 -
SPX 130 - Broke through the ATR and printed a ...
Posted by DigiNomad on 18th of Mar 2024 at 11:38 am
MA Ribbon SPX 130 - Interesting using this for wave counts instead of looking at somewhat complicated price. I still use both but I'm leaning more towards the ribbon as I get used to it. Anyway, the 130 ribbon right now shows a 5 wave pattern completed to the downside last week which could potentially make today's move a wave A vs a 1? That's not what I suggested in my last post, but then I expanded the ribbon and blocked everything else out.
...the market does tend to play sick right before Fed meetings I think in hopes of conniving more stimulus out of the Fed. Running hard into Wednesday probably wouldn't play well in the Fed meeting starting tomorrow.