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ArtieB

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ArtieB

Re: TheWallStreetPoet post# 27836

Monday, 08/01/2016 4:07:36 PM

Monday, August 01, 2016 4:07:36 PM

Post# of 39190
http://stockcharts.com/school/doku.php?id=chart_school:technical_indicators:parabolic_sar

Plug it into your SPY chart and you'll see that PSAR will likely open at 216.70 tomorrow. A violation of this will trigger a trend change. The question that has yet to be answered is, "Are the indices consolidating or distributing?"

I also watch for the 5dma to cross below the 9dma. It barely stayed above the 9dma which required PPT to push end of the day buying algo.

VC
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