frodo75

bullish crab

Short
AMEX:SPY   SPDR S&P 500 ETF TRUST
292 views
10
as good as it gets.

Comments

I see these a lot within downtrends (lower lows, lower highs) like the pictured below, but not at ATH's. Can you reference any other successful bullish crabs using X-A leg with A being ATH? I don't usually use 7 period MFI's for a daily chart -- why did you decide to use such a short number of periods? Thx for posting and cheers.
+1 Reply
frodo75 SLOPolarBear
@SLOPolarBear, ratios are quite close. there is a bigger chance for gartley in another idea.
+1 Reply
Thanks for graph...Op ex today.. Financial pigs fill gap.. Max option call prices.. Maybe even Monday...Yesterday was easy.. The gap down grinded up all day..they hosed call prices to get them low..Next weeks into Nov.... Selling and yelling.. Agree with you totally.. Next op ex.. Nov.. Will be DOWN. Monthly chart is a tell. Next stop.. 10 day ema.
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You dont see it as a gap down and a rally to ATHs?
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frodo75 sprucebruce03
@sprucebruce03, ath before elections is dicey. look at my wedge idea.
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