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mrLOBSTER
Jul 1, 2016 11:30 AM

SPX Short Position targeting Short

S&P 500 index of US listed sharesFXCM

Description

Follow the RSI line. Daily penetration = SL.
Comments
Quantum_Maryland_Capital
Interesting that I came up with 2128 while developing a potential harmonic which would suggest failure at that level. It's also a massive level of resistance.
mrLOBSTER
Ended Friday on the target line with humongous bear divergence ;)
sacrelege
rsi gonna explode and jump to 112%
Quantum_Maryland_Capital
What time frame? On a daily basis, it has not exceeded 70 by much in the last five years
sacrelege
it was an inside joke, between lobster and me. RSI can't get past 100 btw.
Quantum_Maryland_Capital
Ok, that makes sense but what I said is true...........about 71 is the high over the last five years. Thanks for the reply.
Quantum_Maryland_Capital
Love to see it
mrLOBSTER
Smaller TF's looks like they have already overextend enought... Lets see how this chicken flys..
captain_smollett
Yes, Master! He will join us or die! =)
mrLOBSTER
Ay Ay! :D
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