Stopped EOD at the uptrend support line so it could go either way. Plenty of VIX points left to spend so it could continue down to the downtrend support line.
$SPX RSI stopped on the fence
Started by
gm_general
, Feb 25 2021 08:08 PM
2 replies to this topic
#2
slupert
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Posted 26 February 2021 - 02:39 PM
Stopped EOD at the uptrend support line so it could go either way. Plenty of VIX points left to spend so it could continue down to the downtrend support line.
You are d drawing those lines back wards. First off yu disregard, the over 70number it means nothing. The SPX keeps dropping in to the bull support zone then bounces back, that's 40-60. This lady Hima does a good job of explaining RSI trading , More Than Mean Reversion: Trading With RSI Power Zones | Hima Reddy - Bing video
#3
gm_general
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Posted 27 February 2021 - 12:36 PM
I was not basing what I am doing in these charts based on what other people are saying, its based on what I am seeing. Who was it here (fib?) who said find something of your own that works for you? It seems obvious to me at least there is something there like the MACD trends I found earlier. Just trying to develop that.
