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Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives -- Ignore unavailable to you. Want to Upgrade?

To: GROUND ZERO™ who wrote (90069)	2/27/2017 8:55:32 AM
From: Underexposed	Read Replies (1) \| Respond to of 222281

Yes... much better... I knew you were talking about the S&P but did not realize you were looking at an hourly interval. Stockcharts, in its free mode anyway, does not give me that look. I don't usually use that time interval... I use Barcharts.com when I want to see less than daily charts. Here is my daily chart again And here is my chart on an hourly basis The hourly chart shows a more bearish look may turn around. The values are in what I call a BB tunnel and that can break either way. the Slow Sto is reversing a decline but is not bullish yet... the MACD is flat.. the BBwidth is rising slightly. This is out of order as I see it... a truly bullish move would have the Slow Sto as it is (reversing direction) FOLLOWED by a reversal of the MACD which hasn't happened and then the sudden rise in BBwidth. So I would suggest that this is not a bullish move and today may fall back a bit. In the daily chart it shows consolidation which right now could turn bullish again as the BBwidth and MACD have not reversed and the Slow Sto looks quite good. But I would more expect the value to drift sideways though as 2370 looks like a bit of a resistance point to me right now. We shall see... Personally I see a rather neutral move, sideways until the daily bollies tighten... in the hourly chart that would see the value bounce down that BB tunnel. What I don't see is a bearish plummet for sure. An interesting comparison of charts... I don't do this too much and if I am wrong in my daily chart (ie going sideways with a drift to the 20daySMA)... I will have to look at an hourly chart as well... another arrow in the quiver. Thanks for making me do this :)