i buy you buy we buy., page-126

Hi all

This is a rehash of what posted on the general thread.

I thought a falling VIX was good!
The news of expected numbers is good news.
Bad news is a real surprise and can always happen, but
until it does, standard news is good news. IMO


This week I took an interest in sma and ema on th SPX 500.
What the USA is watching to some degree, instead of
my normal Japanese charts.

I have used shades of blue for sma and green for ema.
Periods are at the top of the chart but mostly round numbers
eg 25, 50, 75, 100, 150, 200 and some big ones eg 1000
Only odd one is bright green 13 ema

I have also noticed a gap that is not filled.

The gap is marked and all the lines look confusing but some
are involved in the R&S.

The Golden Cross of the 50 over the 200 sma's is about
20 candles back. Light blue over dark blue. The two blues
about to cross are 100 and 200.





Let's look at the last 200 candles to see the future direction
of some of these lines.

200's are flat and 100's are going up.



On the 100 candles chart we can see price reacting to the lines.
Almost climbing the steps of the ema's hitting resistance
at sma's and then using them as support.
Given where price is it now has some support below.



Lastly the 50 candle chart to look at the real action.
Price is certainly interacting and in a tight squeeze.
Currently it looks positive but at heavy resistance.
Strong support at 911 898 888 860 853

I hope this was of interest and can easily be further explored.

Have a good weekend.

Paul