In the SPX500 (CFD) Daily the up movement overnight and this morning is back-testing the 18-day SMA or "the line in the sand", as in the chart below.
Locally, the swing line could turn up, but needs a close above the 18-day SMA. The daily slow stochastic is curling up. One might watch the local fractals for clues. There are still both up counts and down counts.
Have an excellent start to the day,
TraderJoe
Thanks Tj. It was quite a learning for me from last 2 days. Thanks again to build confidence.
ReplyDeletehttps://www.cnbc.com/quotes/US10Y
SPX500 30-min: from the intraday wave-counting-screen. 1) outside bar down, 2) followed by confirmation bar, 3) remember today is 'the last-day-of-the-month' and this could be the potential window dressing, 4) overlapped prior 3 wave, 4) down to daily pivot.
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TJ
Tj. Still no degree violation yet on this count?
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sure there is; i see only one even viable downward count, and it is very risky and very speculative. And that is the one that follows Ira's swing-line.
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TJ
Translation: Sell this bounce.
Deletetranslation: behave on this site.
DeleteI expected you to delete it
DeleteSPX500 (CFD) 1 D - meanwhile an upward count might follow the 'first-of-the-month' money higher. Either in a triangle or truncated flat.
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TJ
Mind the GAPS...!
ReplyDeleteJust working on those ...
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TJ
747.41 gap filled.
DeleteES 30-min: new local highs = front-running 'first-of-the-month' money. TJ.
ReplyDeleteSPY (cash) daily - one gap closed.
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TJ
A new post is started for the next day.
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