Sixty-minute SPX
(1) Fourth Wave Sell Signal (at Fibonacci 50%);
(2) False Bar Stochastic Sell Signal (close enough);
(3) Blue Wave Red Sell Signal (closing bar, Tuesday).
All of these are taking place under the channel that was broken on Monday; looks pretty bleak no matter how I look at this chart. Anything can happen, but the probabilities are clearly for new lows under Monday's low.
A
(2) False Bar Stochastic Sell Signal (close enough);
(3) Blue Wave Red Sell Signal (closing bar, Tuesday).
All of these are taking place under the channel that was broken on Monday; looks pretty bleak no matter how I look at this chart. Anything can happen, but the probabilities are clearly for new lows under Monday's low.
A
3 comments:
Allan,
Seems like SPy triggered short today on daily chart as per FB. What would prevent you from taking the trade?
THank
this market keeps whipsawing back and forth ...
I thought we have a sell signal, geez
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