StockFetcher Forums · Stock Picks and Trading · SPY at apex<< 1 ... 4 5 6 7 8 >>Post Follow-up
Mactheriverrat
2,510 posts
msg #153894
Ignore Mactheriverrat
9/3/2020 3:17:39 AM

I watched a video some time ago talking about RSI(14) . It talked about that instead of overbrought and oversold zones think about the 50.00 line as a line of demarcation. The higher above 50.00 was strength to the upside. Below 50.00 strength to the downside.

Mactheriverrat
2,510 posts
msg #153909
Ignore Mactheriverrat
9/3/2020 11:29:24 PM

I'm going to say a pullback like we had from early June to early July of 2020.

shillllihs
5,431 posts
msg #153910
Ignore shillllihs
9/4/2020 12:01:15 AM

Could be but look at that UVXY volume spike, I think a slightly bigger dip.


Mactheriverrat
2,510 posts
msg #153919
Ignore Mactheriverrat
9/4/2020 11:59:08 AM

Possible.

Mactheriverrat
2,510 posts
msg #153923
Ignore Mactheriverrat
9/4/2020 1:52:39 PM

UVXY
Resistance levels
IMHO.

35
46
60
possible even higher.

shillllihs
5,431 posts
msg #153927
Ignore shillllihs
9/4/2020 2:40:38 PM

Watch the EMA3 below Ema5 on TMF, if it does I think market long, if not I’ll stay short. Just my opinion.

Mactheriverrat
2,510 posts
msg #153943
Ignore Mactheriverrat
9/6/2020 7:45:37 AM

Being Bullish this coming week could be mistake. Inverse ETF and Shorting stock could be in the cards.

Just saying.

shillllihs
5,431 posts
msg #153946
Ignore shillllihs
modified
9/6/2020 1:00:11 PM

Yes I agree, I also have drip. I’m due for a misstep.
There’s no way around 15-30% drawdowns, just part of the game. EMA3 never crossed below ema5 on TMf so I messed up there but my other system has me long.
Just comes down to being disciplined the rest of the time if you believe in your system.


Mactheriverrat
2,510 posts
msg #153948
Ignore Mactheriverrat
modified
9/6/2020 2:29:39 PM

I've been messing with that weekly IFT(2,4) , IFT(2,3) , IFT(2,2), IFT(2,1)

when column fit(2,4) goes from 1.00 to say 0.99 . Things are doing south a little bit or a lot.


.Draw weekly IFT(2,4)

draw weekly ift(2,4) line at 0.0000
draw weekly ift(2,4) line at 0.90
draw weekly ift(2,4) line at -0.90
add column weekly ift(2,4)
add column weekly ift(2,4) one day ago

draw weekly ift(2,3) line at 0.0000
draw weekly ift(2,3) line at 0.90
draw weekly ift(2,3) line at -0.90

draw weekly ift(2,2) line at 0.0000
draw weekly ift(2,2) line at 0.90
draw weekly ift(2,2) line at -0.90


draw weekly ift(2,1) line at 0.0000
draw weekly ift(2,1) line at 0.90
draw weekly ift(2,1) line at -0.90



Mactheriverrat
2,510 posts
msg #153949
Ignore Mactheriverrat
9/6/2020 6:04:44 PM

Updated SPY Chart.


StockFetcher Forums · Stock Picks and Trading · SPY at apex<< 1 ... 4 5 6 7 8 >>Post Follow-up

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