Will turn the swing bullish. STOP would be 2137.
SPX 2148
Started by
NAV
, Sep 15 2016 12:49 PM
15 replies to this topic
#2
gameover
-
- Traders-Talk User
- 846 posts
Member
Posted 15 September 2016 - 01:22 PM
swing never turned bearish
#3
NAV
-
- Traders-Talk User
- 16,087 posts
Member
Posted 15 September 2016 - 01:24 PM
swing never turned bearish
70 points drop is just chump change eh ? 
#4
fib_1618
-
- Traders-Talk User
- 10,145 posts
Member
Posted 15 September 2016 - 01:50 PM
swing never turned bearish
70 points drop is just chump change eh ?
Nicely done.
Fib
Better to ignore me than abhor me.
“Wise men don't need advice. Fools won't take it” - Benjamin Franklin
"Beware of false knowledge; it is more dangerous than ignorance" - George Bernard Shaw
Demagogue: A leader who makes use of popular prejudices, false claims and promises in order to gain power.
Technical Watch Subscriptions
#5
NAV
-
- Traders-Talk User
- 16,087 posts
Member
Posted 15 September 2016 - 01:56 PM
swing never turned bearish
70 points drop is just chump change eh ?
Nicely done.
Fib
Fib,
No i did not make 70 points. I was talking about the drop from the top to bottom. I managed to catch only about 35 points of that drop.
#6
alexnewbee
-
- Traders-Talk User
- 1,459 posts
Member
Posted 15 September 2016 - 02:02 PM
I do not trust this swing up. It is done by a handfull of stocks like aapl. Triple witching and full moon..
Also GS does not confirm it.
but I could be wrong 
Edited by alexnewbee, 15 September 2016 - 02:04 PM.
"we do G.d's work" Lloyd Blankfein
#7
dasein
-
- Traders-Talk User
- 7,696 posts
Member
Posted 15 September 2016 - 03:18 PM
alex - just a ? not a criticism - arent most turns done by just a few power stocks - it takes some time for the rest to follow?
I do not think the downside is over but this may be a longish pause.
best,
klh
klh
#8
pedro
-
- Traders-Talk User
- 767 posts
Member
Posted 15 September 2016 - 03:31 PM
I'm with NAV on the importance of this area. But I have it a bit higher at 53, SPY basis.
Same general area.
As to a "longish pause" .... in the absence of fresh trend signals (last one was a sell), it could also be a pause for the bearish side.
I'm in neutral, expecting more downside even if just a retest. But we SHOULD venture more decisively north within a week, so any new shorts would be on the quick
#9
leverage4
-
- Traders-Talk User
- 107 posts
Member
Posted 15 September 2016 - 03:55 PM
Will turn the swing bullish. STOP would be 2137.
NAV, Thanks. as always. I assume you were talking about SPX cash at any time during the cash session for triggering the swing signal rather than the close. Also, do you tend to sell after hours based on the stop or do you wait until the cash open to obtain a more representative read on the market? Thanks in advance for your response.
Lev
#10
NAV
-
- Traders-Talk User
- 16,087 posts
Member
Posted 15 September 2016 - 10:53 PM
Will turn the swing bullish. STOP would be 2137.
NAV, Thanks. as always. I assume you were talking about SPX cash at any time during the cash session for triggering the swing signal rather than the close. Also, do you tend to sell after hours based on the stop or do you wait until the cash open to obtain a more representative read on the market? Thanks in advance for your response.
Lev
I was talking about SPX cash and the buy got triggered. I don't pay attention to after hours noise nor do i trade after hours.
If by any chance my signal does not trigger at close, the i buy above the first 5-min candle. Same with STOPS. If the market gaps above or below my STOP, i wait for the for first 5-min candle and place the STOP above/below it. I never take any action after hours.
If things get scary, like a 20+ point gap against me, then i sometimes hedge with ES. Otherwise, mostly sleep like a baby during after hours.
Edited by NAV, 15 September 2016 - 10:54 PM.
