When a saw a 1 day chart of the E-Mini S&P 500 I couldn't help but to draw a pitchfork. Everything was lined up so well that it seemed foolish not to.
What this chart is screaming to me is that there is some funny business going on with Stoch and Stoch RSI. Just taking a look at both of them shows that they are complete opposite of each other.
Are they negating each other out thus keeping the bull trend alive?
I would think so since the moment they started giving those signals is when the price bounced between the upper median boundary and the upper half boundary.
Since there is such a delicate balance between those two indicators I would have to say that when they finally move in conjunction with one another that they will give a for sure move either down to the median line or up to the parallel line.
Take your pick as to the choice of scenarios as each may play out. Risk more for some profit or short it down for the other two scenarios?
What this chart is screaming to me is that there is some funny business going on with Stoch and Stoch RSI. Just taking a look at both of them shows that they are complete opposite of each other.
Are they negating each other out thus keeping the bull trend alive?
I would think so since the moment they started giving those signals is when the price bounced between the upper median boundary and the upper half boundary.
Since there is such a delicate balance between those two indicators I would have to say that when they finally move in conjunction with one another that they will give a for sure move either down to the median line or up to the parallel line.
Take your pick as to the choice of scenarios as each may play out. Risk more for some profit or short it down for the other two scenarios?