SPX: an idea for an equation
Actualizado
Hi Guys,
here is the equation:
- middle line of the RSI (50) : simple moving average (36) = index value (3396,10) : sentiment value (68.35)
If this is correct, unless unforeseen circumstances arise, the SPX is looking for a top untill RSI become overbought.
When such top will be made, how such move will unfold and to what extent is for us to find out.
What's your view? If you appreciate the idea please leave a comment, slap like now and start following me.
Here a similar structure but for NASDAQ:
Thank you for your support and for sharing your ideas.
Cozzamara
Disclaimer:
Please note that I am not a professional trader and these are my personal ideas only. The information contained in this presentation is solely for educational purposes and does not constitute investment advice. The risk of trading in securities markets can be substantial. You should carefully consider if engaging in such activity is suitable to your own financial situation. Cozzamara is not responsible for any liabilities arising from the result of your market involvement or individual trade activities.
IMHO: The point of trading is to make money. To make money you must have money. Depending on the money at your disposal, you can decide what to do and how to do it. By having stops you decide how much you are willing to lose. By having targets you decide how much you want to earn. Be disciplined with your protocol and with your strategies for trading. Sometime you win, sometime you lose. Don't be greedy. Be realistic. Be wary but not afraid. Be curious. Use your brain. As long as your working process make sense and your spirit is calm, everything will be fine. Be patient and be prepared for any circumtances.
here is the equation:
- middle line of the RSI (50) : simple moving average (36) = index value (3396,10) : sentiment value (68.35)
If this is correct, unless unforeseen circumstances arise, the SPX is looking for a top untill RSI become overbought.
When such top will be made, how such move will unfold and to what extent is for us to find out.
What's your view? If you appreciate the idea please leave a comment, slap like now and start following me.
Here a similar structure but for NASDAQ:
Thank you for your support and for sharing your ideas.
Cozzamara
Disclaimer:
Please note that I am not a professional trader and these are my personal ideas only. The information contained in this presentation is solely for educational purposes and does not constitute investment advice. The risk of trading in securities markets can be substantial. You should carefully consider if engaging in such activity is suitable to your own financial situation. Cozzamara is not responsible for any liabilities arising from the result of your market involvement or individual trade activities.
IMHO: The point of trading is to make money. To make money you must have money. Depending on the money at your disposal, you can decide what to do and how to do it. By having stops you decide how much you are willing to lose. By having targets you decide how much you want to earn. Be disciplined with your protocol and with your strategies for trading. Sometime you win, sometime you lose. Don't be greedy. Be realistic. Be wary but not afraid. Be curious. Use your brain. As long as your working process make sense and your spirit is calm, everything will be fine. Be patient and be prepared for any circumtances.
Nota
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