The market is looking for SPY to make a move of 8.73 on the fund from Tue- Friday. Remember, the market is CLOSED on Monday. I also added some notes to the chart. I am not your educator, I am not paid to teach you these things so any questions, keep minimal. I am just here to show you a few tricks. The blue lines represent where you will see the market through Friday, only.
thanks god for your generosity , you are too good to be here, and why that blue line should hold price? what's the logic? because it was a support for a year? lol. GL
Original_Stock_Whisperer
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@shkspr, oh it won't hold... but it tells you where it's heading when it starts crumbling. Indicators don't belong on charts. Charts are all about shapes, wedges and the likes. There are rules that apply to all.
shkspr
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@TanekaBrawley, who cares about indicators? I don't even look at charts when I want to open or close a position; I publish charts for my audiences, presentation is more accessible. all my charts have same template, same logic, same bullshit, what is important is my price targets. GL
UnknownUnicorn32969573
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@TanekaBrawley, how can i find the price movement index
wardaK
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@shkspr, Exactly. What are the basis of this statement or assessment? No analysis or plausible scenario... only a subjective 4h trend line?
shkspr
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@wardaK, it's based on data analytics, market means math and risk management. charts just represent those numbers. when you have access to raw data there is no need to use charts anymore. I developed a model and strategy based on money-flow, Volume and price action, I just publish the results.
Original_Stock_Whisperer
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@shkspr, @wardaK 1) The line I put the arrow to will tell you lots if you know what you are looking at. Yes, there is a "crash" coming.. crash means a decline of over 20 percent. Again, I am not here to educate you but for those that are learning, they will pick up and have validation by that. The money flow indicator is as useful as a moving average or a volume indicator. It's useless and laughable but let those who never got an education in finance think what they want. Perhaps watching Crammer would be better for them. (sarcasm, Crammer is not handing out anything to people anymore than anyone who knows what they are doing. He is there for advertising revenue and collecting a paycheck and to get people to tune in for entertainment). What can you do with the numbers I gave you. Lots. For people who stick to stocks, understand the one deviation and two deviation rule. For options players who want to play a weekly time frame you do spreads just for an example. Sadly, this forum is filled with newbies or people who do not know how the market works. Yes, you do need to look at a chart. But again, best of luck in whatever you "think". No further comments will be made by me. Like I said I am not here to waste my day away unless you want to pay me a few grand a day, which is what I make in the real world.
cmmb72
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What are your thoughts on the Nasdaq? Nasdaq seems to have broken the trend.