Posted by skitexas67 on 7th of May 2024 at 12:51 pm
Matt - SPX Fast Indicators - I know the rule is the SLOW
Stochastic has to be above 80% for this to "work." BUT, could
these fast indicators be a sign, of a short-term pullback? Your
thoughts?
I'm not sure without more info, can you tell me what theory you
have or what you are thinking about.
otherwise that 60 Stochastic being embedded above 80% for a long
time is indicative of a wave 3 in Elliot Wave Theory, so your
pullback could be a wave 4, then expect another high wave 5 - again
not always. If it was a parabolic move then that wouldn't be the
case would just top.
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Matt - SPX Fast Indicators
Posted by skitexas67 on 7th of May 2024 at 12:51 pm
Matt - SPX Fast Indicators - I know the rule is the SLOW Stochastic has to be above 80% for this to "work." BUT, could these fast indicators be a sign, of a short-term pullback? Your thoughts?
https://stockcharts.com/h-sc/ui?s=$SPX&p=D&yr=1&mn=0&dy=0&id=p54566737156&a=662689273&listNum=61
stockcharts.com
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I'm not sure without more
Posted by matt on 7th of May 2024 at 01:55 pm
I'm not sure without more info, can you tell me what theory you have or what you are thinking about.
otherwise that 60 Stochastic being embedded above 80% for a long time is indicative of a wave 3 in Elliot Wave Theory, so your pullback could be a wave 4, then expect another high wave 5 - again not always. If it was a parabolic move then that wouldn't be the case would just top.