BATS:SPY   SPDR S&P 500 ETF
707 9 5
Long term view, 10 day is not rolling over yet, but as in 1998, it doesn't have to, but I like the 1998 result after the pullback.
sunny
3 years ago
can you dumb it down a bit? I don't understand if you are pointing at a reversal or just some observations. thanks
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khboker
3 years ago
Just observations, noting that the other two major corrections had some pre-warnings I don't see "yet", however also pointing out that the 1998 drop did not give much notice on the monthly chart. This is the first of the month, so by the end of the month some pre-warnings my start to show, as in a month down bar, 10ema rolling over. Also noting, a major correction shows up over time, as with several months at the tops (blue boxes) and has not just dropped out of the sky to zero, however I guess there is always a first for everything. Mainly pointing out I'm still positive but cautious, no need to panic as we should have time to see the rollover, Monthly view just provides a little calmness in my trading and puts the small pullbacks in perspective with the major corrections. I should have used 10/12 ema or even use the 10ema/10ma on the monthly to highlight red/green better, but not using this for trading, just piece of mind.
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khboker
3 years ago
FYI Note, ema 10 is offset (-5)
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khboker
3 years ago
Stealth Trader? I think that was the main theme in my comments,(not rolling over yet)?
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Nice comparison
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nelsnyc
3 years ago
A little bouncing around for the next few months, the easy money has been made.
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