XJO 0.46% 7,953.2 s&p/asx 200

Great charts an stuff , thanks everyone.My read on the spi...

  1. 1,850 Posts.
    Great charts an stuff , thanks everyone.
    My read on the spi ..from the reference points I mentioned

    ( mine are a little different from the 3 day open bar closing price but it dosent matter )

    its clear to me that the condition of this market is sideways (horozontal) so the way I like to trade when the market is in that condition is to fade the recient lows and highs.I do thatt from the profile chart I have., and use the macd histo for a second reference.On that profile chart I marked prices that the market has reciently rejected , the john west prices I call em ..and that was a great place to fade the rally yesterday .
    Sideways markets are great .as JD says trade in an out .We wait for a break and a more vertical phase . it will come sooner or later . I see on the leader emini on the way my time daily data is set up we have a swing top there , and I could be wrong but if we get another swing top its a great sell from the top of the long term trading bracket .
    good luck and good trading to you .





 
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