The green and red lines mark the boundaries of the outside of 7 inside hourly bars. will not pick a side tile the market does.
Note
on the 6th as of post, guess counting needs some work.Trade active
All inside is pointing down and from top of mentioned two lines i will be looking to short. This trade will no longer be valid if internals turn over, if they do not a slight breach above green line is still a short. However if at that line but internal info is flipped long i will enter to the long side. i just feel this is not probably, but possible.Note
The value of weighted MAGGAT stocks are positive. AAPl just caries so much weightNote
As we move up towards the upper green line, the top 50 of the 500 half of them now are bullish from open. however the 500 only 195 are up, so the big stuff is doing all the lifting. This will not take a lot from the smaller stuff to provide lift. The short I mention is bias but the trade is not a given.Note
Today is a decay day so far, will be sticking with adding SPX short call spreads. Not enough direction so far today to trade futures outrightNote
split in top 50, and AAPL up, looks to have a up side bias now, but remain choppy.Note
basically back to open, after rejecting green line where i shorted. then at 3:30 extended below red line but failed about where the long stops where. I closed short and went long. now almost back to same thinking as i left yesterday with. Only difference is the excess low, might give some bounce.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.