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
Allan,
ReplyDeleteSeems 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 ...
ReplyDeleteI thought we have a sell signal, geez
ReplyDelete