Starting it off.
Al
RA
rat89
Rep: 0
Posts: 7,015
spx and nymo - two thin vertical blue lines show nymo buy setups as describer below in response to jr....the magenta line shows a nymo buy setup that failed soon after, with a low for spx that followed not confirmed by nymo. key things to remember: 1) not every spx low is confirmed by nymo; 2) not every nymo buy trigger signals a sustainable move beyond a couple of days; and 3) nymo is not useful for indicating spx sell triggers.
regarding the wave counts, the green count has the 3028 as the end of Major [3], with spx now in Major [4]. Major [5] targets somewhere around 3050 - 3078, but CANNOT be longer than Major [3], as spx appears to be in an ending diagonal. That count is marked in GREEN. The alternate count has Major [5] complete at 3028, and is marked in BLUE
regarding the wave counts, the green count has the 3028 as the end of Major [3], with spx now in Major [4]. Major [5] targets somewhere around 3050 - 3078, but CANNOT be longer than Major [3], as spx appears to be in an ending diagonal. That count is marked in GREEN. The alternate count has Major [5] complete at 3028, and is marked in BLUE
MA
MarcinO
Rep: 67
Posts: 5,506
They will probably send it down to 7360-70 to test longer term TL.
My idea is they will fake a reaction to the upside and take the line only tomorrow.
My idea is they will fake a reaction to the upside and take the line only tomorrow.
AL
albert
Rep: 99
Posts: 3,094
Paper trading. Broke even, not counting commissions, on UBER. Lost a bit on GOLD. On GOLD, I set my stop at 50% of entry, and then I overrode my stop and exited with a loss. I have got to stop this bad habit of not sticking to my original stop.
Al :--|
Al :--|
























