Well, a 50ADX would be preferable.
If it's close, I'll just watch for both those lines to reverse and spread, as I did with FXE today.
I've included the TSI lately for a little re-enforcement.
FXE is interesting because it has much greater option volume than you'd expect considering the share volume and they trade in pennies, not nickels.
I think this goes higher, but being just a 15 minute chart I don't like to hold over night.
I didn't post this chart this morning because I had 10 things happening at once.
It's not a bad idea to have live, streaming 60min and 15 min charts up and running on SPY, GLD, FXE, USO, DIA, etc., no matter what else you trade, because these little opportunities come along frequently. IMHO.
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