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samitrading
Jan 27, 2021 11:40 AM

SPX's Angle sets at 67, we are getting close to "Vertical Angle" 

S&P 500SP

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***Shorts are down 91 Billion $ just in January, who could blame them wish such " Steep Angle"
Comments
traditio
Isn't an angle depends on time axis scale?
samitrading
@traditio, Hey Bud, to be honest i am not sure about that. I read in John Murphy's book " Technical Analysis" that angle of 45 is the most common one on financial market. Less than that or more "if i recall it

correctly is less common" . So , getting 67 degree is quite extremes to his standard, which i am applying here. I have never looked this issue or learned about other than his book. If you have any knowledge on this

matter or references i can use i will appreciate you sharing it me. like comments like yours that add value for the community.

wish you all the best buddy.
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