Short Term Trading Member Forum

[Rebelman]

Very good call, Airedale88. I hope we have seen the last of cycle straddle for a while and get back to enjoying a more reliable pattern of cycles.

The below from Maurice N. Walker on Public Stock Charts.
Chart Patterns

2/11 Commentary: The S&P 500 now has a bullish crossover on the 5 day Stochastic on the daily chart. Which put in a bullish hammer candlestick today. The S&P 15 minute chart got a bullish triple crossover today, in which the 10- and 20 period EMAs crossed above the 50 period EMA. We continue to see positive divergences set up on the hourly and 15 minute timeframes. The VIX now has negative divergence on its daily chart. I still anticipate a move to the Fibonacci retracements of 1423 or 1459.