Posted by DigiNomad on 17th of Jun 2024 at 05:11 pm
SPX 2hr riding the 5 day SMA . Pattern lately has a pop then
consolidate for 2-3 days in a range until the 5 catches up, then
pop again and repeat (I have the 5 SMA locked to "day" so that it
doesn't change to match the timeframe of the chart).
If not a flat out rally, consolidation tomorrow and Thursday
seems likely, right? I mean, to do something else would risk
disrespecting the holiday... (not to mention disrespecting my call
options)
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SPX 2hr riding the 5
SPX 10m ... Nice consolidation for an EOD Ramp ... ...
Posted by DigiNomad on 17th of Jun 2024 at 05:11 pm
SPX 2hr riding the 5 day SMA . Pattern lately has a pop then consolidate for 2-3 days in a range until the 5 catches up, then pop again and repeat (I have the 5 SMA locked to "day" so that it doesn't change to match the timeframe of the chart).
If not a flat out rally, consolidation tomorrow and Thursday seems likely, right? I mean, to do something else would risk disrespecting the holiday... (not to mention disrespecting my call options)