Underexposed Technical Analysis Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Underexposed Technical Analysis

AQN 5.960

+1.2%

3:56 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: claireg who wrote (410)	8/8/2019 12:52:24 PM
From: Underexposed	of 914

DIS: What is your take on the SPX rebound today? Very good.... yes the MACD/BBWidth pinch seems to be developing but notice that neither indicator has totally reversed direction yet so one cannot be sure this is a true bottom. The Slow Sto looks nice and positive so far too. It does look a bit like the previous one (though smaller) in the circle to the left. See how the BBWidth kept falling but the MACD and Slow Sto rose strongly.... then the BBWidth took off as well showing a breakout. That is what you watch for in the current readings I circled in the main chart the bottom of the drop. See how the price was below for 3 days and gapped today? Now the positive gap is a good thing. The price was due to re-enter the Bollie envelope... it does stay below for more than 3-5 days usually...(same for being higher than the upper bollie) ... but whether it is a good, neutral or a bad re-enter depend on how it does it and the gap upward is the best. At normal from here it would rise to the 20daySMA ( 2975) that is natural in a consolidation. It may not actually reach 2975.... it could go sideways from there but it would be headed for the dotted green line which is the 20daySMA. The best would be if it reached that point and kept on going higher... that would be quite bullish. But this rise in the SPX could just be a rest and the worst case would see it fall back and the MACD keeps falling and the BBwidth keeps rising... and the drop in SPX continues. Looks good so far though....... I rarely look at just one chart though A secondary chart I like is my Ichimoku Chart now the indicators at the bottom are bearish so they are not encouraging the main chart is really interesting. See how the levels dropped into the green cloud for 3 days... It spiked below the green cloud but never closed below it.... the bottom edge of the red/green clouds act as a support when coming in a downward direction. Being in any cloud is not good but green clouds are better than red. Now this gap upwards today cleared the upper border of the green cloud.... a good thing.... but it could easily slip into that cloud again. If I were wanting to invest in the SPX.... I would wait a few days to see how these charts were resolved. Very good question... claireg !!! UE

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next