Jump to content



Photo

A par-trend 20-day look ahead into $SPX


  • Please log in to reply
4 replies to this topic

#1 spielchekr

spielchekr

    Member

  • Traders-Talk User
  • 3,104 posts

Posted 09 February 2008 - 11:35 PM

Posted Image

My assessment is that the bulls can begin to form a bottom only if price progresses above the 23.6% trend level that it is currently at. To see if/when/how that begins to take shape, here's a live $SPX 20ma chart to follow along:

http://stockcharts.com/c-sc/sc?s=$SPX&p=D&yr=0&mn=7&dy=0&i=p01779016303&a=130218860&r=2585.png

#2 spielchekr

spielchekr

    Member

  • Traders-Talk User
  • 3,104 posts

Posted 10 February 2008 - 03:53 PM

Appropriately, price can currently be found just a shade below the 23.6% Fib retracement, same as the par-trend momentum.

Posted Image

#3 mss

mss

    I'M WATCHING

  • TT Sponsor
  • 6,182 posts

Posted 10 February 2008 - 05:25 PM

:) You do such nice work. Thanks for sharing. mss
WOMEN & CATS WILL DO AS THEY PLEASE, AND MEN & DOGS SHOULD GET USED TO THE IDEA.
A DOG ALWAYS OFFERS UNCONDITIONAL LOVE. CATS HAVE TO THINK ABOUT IT!!

#4 spielchekr

spielchekr

    Member

  • Traders-Talk User
  • 3,104 posts

Posted 11 February 2008 - 06:39 PM

Thanks, MSS. I've updated the annotations on that live chart to point out the nearest window of opportunity for creating a positive MACD divergence. We need to close either Tuesday or Wednesday at or above the 76.4% retracement for a "respectable-looking" positive MACD divergence to occur. There, I've saved all of the market participants from having to spend money to see what happens with a test higher! :lol: Now it just needs to decide if it's ready for putting in a positive divergence or not.

#5 spielchekr

spielchekr

    Member

  • Traders-Talk User
  • 3,104 posts

Posted 18 February 2008 - 08:56 PM

61.8% momo is a real bull teaser.
Posted Image