Replies to post #4119 on S&P 500 Analysis & ETF Trading

[ziko]

EDIT

Good going..60/20 it is...if we crack momentum (and spurts of volatility) a significant part of the work can be complete.

On the Daily=center of action, bias

If you plot the following averages on Daily...you see action..up to the quarterly chart..

yearMA1=price
MA3=3 day average, or ...3 day price chart
MA5=5 day average, or weekly chart,
MA10= 10 day average, half monthly, or 10 day price chart
MA20=average for 20 days, or a month, monthly price chart
MA60=average for 60 days, or quarterly price chart
...............MA240...yearly price chart.(not really useful until it enters chart parameters.

So MA1 going over MA3, daily price going over the average of the 3 day (each bar is 3 days)..or 3 day chart..
MA3 going above MA5=3 day price going over weekly average price, 5 going over 10...weekly going over half monthly...etc

Anchors in action..

Intraday is a different story.

Good trades