Looks more crude on TM, but own indicator is what I use, as long as it coincides with a bunch of others. In this case, my G indicator went negative around $29, so shorting entries above $29, will set a trail profit stop
It seems we're at the inflection point once again. Maybe a day or two out from SMAs and MACDs turning positive for UVXY, and these big spikes in block trades are usually a precursor it seems to market sell offs - big players taking profits likely. I have multiple other charts that support this view with OnbalanceVol/Accum/distribution; potential slide in oil,...
Found a nice and easy way to confirm my trades. Standard deviation, heiken ashi, and some general charting IN CONJUNCTION with simple gettrendstrategy provide some good insight. Look for a trend change, and a convincing breakout above or below previous channel, with appropriate slope (that's really your risk level). I use heiken ashi to confirm those trend...
still short everything 1950 and below. Check out those resistances...lower highs and lower lows...
Ok, an update to the first idea - where I suggested going LONG in short term, while holding a bearish long term position, and likely adding to it on every top... RSI is a good "give-away" of overbought conditions. We've had our short term pop multiple times to 1940s area, and have been rejected by lack of demand, and overwhelming supply and falling economic...
Markets have dropped to extreme levels, down to a near technical correction, so I have to think that peoples' psyche will kick in here, and that institutions/HFTs will target all depressed "good" companies, and scoop them up for lower prices. Additionally, I am highly focused on options and overall market advance/decline trends. Regarding these, the P/C ratio for...