Here's a 60 min chart of the SPX, I've added the 55 period CCI
at the top, the 7/21 EMA's, and the 350 MA, the VIX below, along
with the MA's.
Here's what to watch for this week:
1. The uptrend line of the rising wedge of
course.
2. The 55 period CCI (watch for a break
below the zero level to confirm a breakdown from the wedge.
3. A crossover of the 7/21 EMA's.
4. The 350 MA is the same as the 50 day MA,
so that will likely act as a support on a decent size
pullback.
5. I've placed Fibonacci Retracements, those
are major supports as well:
6. The addition of the VIX just below the
price works well, notice the well defined downtrend line on on the
VIX: A break of that trendline would be bearish
7. And lastly the MACD negative divergence,
watch for the MACD lines for a negative crossover.
8. Lastly watch stochastics for a cross
below 80%.
I've also placed a dynamic link here for you to use if you have
a membership to Stockcharts.com
on that note, everything about this site exceeds
expectations ... the nightly updates, the weekend reviews, the
watchlist and the sage wisdom of experienced traders on the
blog - everything is top notch.
Here's a 60 min chart
Posted by matt on 19th of Apr 2009 at 03:50 pm
Here's a 60 min chart of the SPX, I've added the 55 period CCI at the top, the 7/21 EMA's, and the 350 MA, the VIX below, along with the MA's.
Here's what to watch for this week:
1. The uptrend line of the rising wedge of course.
2. The 55 period CCI (watch for a break below the zero level to confirm a breakdown from the wedge.
3. A crossover of the 7/21 EMA's.
4. The 350 MA is the same as the 50 day MA, so that will likely act as a support on a decent size pullback.
5. I've placed Fibonacci Retracements, those are major supports as well:
6. The addition of the VIX just below the price works well, notice the well defined downtrend line on on the VIX: A break of that trendline would be bearish
7. And lastly the MACD negative divergence, watch for the MACD lines for a negative crossover.
8. Lastly watch stochastics for a cross below 80%.
I've also placed a dynamic link here for you to use if you have a membership to Stockcharts.com
SPX 60 min system.png static chart
SPX 60 min 7/21 with VIX and MACD
These are very well done
Posted by chlo888 on 19th of Apr 2009 at 07:29 pm
These are very well done Matt. Thanks for your effort. It's over and above what our subscription expects imo.
on that note, everything about
Posted by cmaslin on 19th of Apr 2009 at 07:35 pm
on that note, everything about this site exceeds expectations ... the nightly updates, the weekend reviews, the watchlist and the sage wisdom of experienced traders on the blog - everything is top notch.
Note: I added the SPY
Posted by matt on 19th of Apr 2009 at 05:07 pm
Note: I added the SPY 60 min chart to the watch list with the same parameters as the 60 min SPX
Matt, Thanks for your hard work
Posted by cspirit on 19th of Apr 2009 at 04:42 pm
Matt,
Thanks for your hard work on a Sunday afternoon ....
Nice chart
Posted by ravun on 19th of Apr 2009 at 04:03 pm
with the VIX overlay..very clear and concise