this setup came from the 120 min time frame, the 9 consecutive higher closes than opens as of yesterday close carried a 93 percent chance of a lower close than open,
so today's example SPY opened @ 110.27 9:30 and closed 109.89 @ 11:30 thus completing this setup
There might be a setup on the 195 min print @ 12:45, I'll have to see where it closes
120 min setup is complete with the lower close from the open 9:30-11:30, as of the close yesterday we were @ 9 consecutive higher closes that carried a 93 percentile for a 1 period lower close
Yeah, that's the issue you always have too deal with. Sometimes people are wrong. I subscribe to several different services, and read many different blogs. I then try to put it all together, but sometimes you miss the big picture.
What I learned is that I should have listened to one of the subscription services that I pay for, as they were going long that whole move. They have been deadly accurate ever since I signed up for them 6 months ago.
But, I thought differently on that call, and paid for it dearly. You can bet that I won't go against their calls again.
Thanks… keep a eye out for another fake print on the spy, as I'm sure they will let their friends know before the take it down… probably from that 1127.38 level you spoke of.
Well my only hesitation with that scenario is that everyone thinks it now! It never goes the way we predict. Maybe the best way to play it is look for the sentiment on the message boards and do the opposite.
this setup came from the 120 min time frame, the 9 consecutive higher closes than opens as of yesterday close carried a 93 percent chance of a lower close than open,
so today's example SPY opened @ 110.27 9:30 and closed 109.89 @ 11:30 thus completing this setup
There might be a setup on the 195 min print @ 12:45, I'll have to see where it closes
I wish I understood what that means? Does that mean we are going back up, or down? What's the odds each way?
120 min setup is complete with the lower close from the open 9:30-11:30, as of the close yesterday we were @ 9 consecutive higher closes that carried a 93 percentile for a 1 period lower close
Yeah, that's the issue you always have too deal with. Sometimes people are wrong. I subscribe to several different services, and read many different blogs. I then try to put it all together, but sometimes you miss the big picture.
Is that ITMS? I subscribed to them recently and liking it so far……….
What if they are wrong next time?
Red, what service was that?
What I learned is that I should have listened to one of the subscription services that I pay for, as they were going long that whole move. They have been deadly accurate ever since I signed up for them 6 months ago.
But, I thought differently on that call, and paid for it dearly. You can bet that I won't go against their calls again.
Thanks… keep a eye out for another fake print on the spy, as I'm sure they will let their friends know before the take it down… probably from that 1127.38 level you spoke of.
Well my only hesitation with that scenario is that everyone thinks it now! It never goes the way we predict. Maybe the best way to play it is look for the sentiment on the message boards and do the opposite.