I use ROC (% diff) lengths that are appropriate to the timeframe such as 15 & 30 for M1, and 12 & 24 for M5 for momo, trend and divergence. Works well enough for my trading.
From my interpretation SPY daily closes were within Friday’s (bearish) candle so nothing bullish. More like a … Bearish consolidation / continuation pattern. I am asking more from PA than most here to prove something. Can be late but less “false” signals. That’s why I was short on the way up. For me the SPY didn’t even make a low this week (no bullish reversal). I had Friday’s high (+10sma +prevSwing) as an ideal short entry.
$DXY absolutely being crushed this morning - down almost 200 basis points from yesterday. Gold taking a bit of a breather down approx -$80, and Crude down approx -$4
And on that NQ note anyone thinking gap fill any time today:- yesterday's settlement was @ 19758.00 and is trading currently @ 18858.00 or 900 points lower!!!!!!!!!!!!!!!!!!