S&P 500 (SPY, SPX, ES, MES, ...) Chart. What it is telling you?

Discussion in 'Technical Analysis' started by sideburn, Dec 10, 2024.

  1. Only 3 other years this millenium exceeded the current high print (27.89 %) on SPX in % change. None pushed past 30 %.

    ES Journal - 2023/2024
     
    #21     Dec 12, 2024
  2. MarkBrown

    MarkBrown

    do u really wanna know all this? lol

    so it calculates everything in the current bar totally to be executed in the next bar if the conditions are met. it does this continuously one bar at a time.

    in the current bar it will calculate three possible trades for the next bar orders

    a trend breakout
    a pull back trend trade
    a choppy market trade

    all 3 of these prices are throw out there as targets if the price trades to one of them it takes the trade. so it basically has no lookback only a look forward one bar at a time. it has session constraints for day session only and a few other widgets.
     
    #22     Dec 12, 2024
    HawaiianIceberg likes this.
  3. thank you for sharing. I genuinely appreciate it :fistbump:
     
    #23     Dec 12, 2024
  4. Typo. I meant 2024 of course.
     
    #24     Dec 13, 2024
  5. maxinger

    maxinger

    upload_2024-12-13_16-8-17.png


    Unfortunately the day range can hardly exceed 40 points, 0.7%.
     
    #25     Dec 13, 2024
  6. Slightly early to know if elliot wave pattern contunued today, but the trend is strong.

    Drones are very bullish.
     
    #26     Dec 16, 2024
  7. sideburn

    sideburn

    SP500-2.png
    Pullback? Santa Claus Rally?
     
    #27     Dec 23, 2024
  8. tomorton

    tomorton

    Nobody knows. Why not set a buy order above? If price falls back and the buy order is not triggered, lower it. Keep doing this.
     
    #28     Dec 30, 2024
    MarkBrown likes this.