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Th0masK
Sep 27, 2019 5:07 PM

Fading $SPX w/ NYSE TICK 

NYSE CUMULATIVE TICKUSI

Description

How I used NYSE TICK today w/ extremes ~ -1.000: In correction steep DT after news hit the wires 17:36 CET that US is weighing to limit US investors' portfolio flows into China, a move that would have repercussions for billions of dollars in investments pegged to the major indices; also they're apparently pondering delisting of Chinese companies from US stock exchanges (Bloomberg). DJI dives 200 pts in 3 mins; Alibaba plunges 6%, JD.com 5.3%, Baidu 3% (CNBC). Please check the M1 chart for how TICK dived to -1.000 at 17:36 CET, but corrected right next M1, while SPX was still falling as perfect example for finding the right long entry point.
Comments
Th0masK
Sorry, if this brief remark was kinda confusing. But compare SPX M1 & NYSE TICK around 17:36 when the news hit. A happy weekend to you all.
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