guspenskiy13
976 posts
msg #119387
- Ignore guspenskiy13 |
5/6/2014 12:26:17 PM
1/5/15
and i was wrong on this one. 61.8 break.
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guspenskiy13
976 posts
msg #119388
- Ignore guspenskiy13
modified |
5/6/2014 12:28:46 PM
RSI(2) bottomed hard on 5 min.
I don't even know where that drop came from.
BB range is tiny and no sell signal from VXX/SPY.
oh god...
huge doji 5 min
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guspenskiy13
976 posts
msg #119389
- Ignore guspenskiy13
modified |
5/6/2014 12:43:42 PM
down on the day today. you have to be quick with this volatility...
it's important not to build illusions. 61.8% exact stop on the re-bound.. it's a failure. it failed to fill the gap and failed to rebound.
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guspenskiy13
976 posts
msg #119390
- Ignore guspenskiy13 |
5/6/2014 1:09:05 PM
yepp; spy/vxx sell signal on the drop; trendline/mid broken.... it was coming
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guspenskiy13
976 posts
msg #119391
- Ignore guspenskiy13 |
5/6/2014 1:15:35 PM
I looked at NDX this morning and SPY-top was much more obvious....you really need to focus on both indexes to see the picture clearly....
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johnpaulca
12,036 posts
msg #119392
- Ignore johnpaulca |
5/6/2014 1:18:31 PM
SPY....still has lots of support below, no reason to panic...yet!!
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johnpaulca
12,036 posts
msg #119393
- Ignore johnpaulca |
5/6/2014 1:21:24 PM
tops can take months to develop, everyone knows this bull cycle is long in the tooth. I can see this thang grinding higher.
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guspenskiy13
976 posts
msg #119394
- Ignore guspenskiy13 |
5/6/2014 1:21:28 PM
interesting....the real turning point was at 12
ndx >50% retracement fail
spy >61.8% retracement fail
failures.
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guspenskiy13
976 posts
msg #119395
- Ignore guspenskiy13
modified |
5/6/2014 1:21:46 PM
higher...but not today
it's just getting squeezed by that descending resistance from the top lower and lower.
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guspenskiy13
976 posts
msg #119396
- Ignore guspenskiy13 |
5/6/2014 1:29:12 PM
LOD a minute ago :)
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