AI
Tuesday, January 14, 2014 2:38:32 PM
Here is what happened the last time the SPX Daily had this similar set up:
The chart below shows a Daily P1 that was confirmed April 16th
At that time the Weekly P2 was in it's 16th week, the current Weekly P2 is in it's 19th week (this could be a negative)
When this Daily P1 was confirmed at the close on April 16th, the 60 min confirmed a P2 during that closing hour, the current 60 min P2 is now in it's 4th trading hour (this could also be a negative)
I would prefer for the Daily to just hit the UTL and stay in P2 for another day. This is stressful.
The chart below shows a Daily P1 that was confirmed April 16th
At that time the Weekly P2 was in it's 16th week, the current Weekly P2 is in it's 19th week (this could be a negative)
When this Daily P1 was confirmed at the close on April 16th, the 60 min confirmed a P2 during that closing hour, the current 60 min P2 is now in it's 4th trading hour (this could also be a negative)
I would prefer for the Daily to just hit the UTL and stay in P2 for another day. This is stressful.
JMHO, Lindy
"Buy low, Sell high, stay with your system. If your system breaks fix it."
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