What is it and why you need it in your #TRADINGTIPS
Values generally range from 100 to 150 where the higher the rating, the higher the perceived tail risk and chance of a 2 deviation event. A rating of 125 and below I'm looking for a big bounce 7-45 days out
Notice The $SKEW stayed in the upper range and the highest its ever been since MAY! You could say the Skew was skewed and most of us got skewed!
I have labeled this and used these levels for years now and honestly it can really help you get ready for the bigger sentiment changes
in the #StockMarket, this is a bigger picture and you can really see the value when placing a $SPY chart behind this. Notice the Purple chart shows when SKEW is high this will result in the Pull and when low results in Risk on!
I have a lot of knowledge and would love to share even more with you. Come check out our trial for under $20 at trendytrading.co
If youve checked out my blog then you know I use What I call 'The neutral Strategy for ETF's.
I'm still very intrigued by the strength of $IWM.
Notice the Blueprint I put together on 9/26 and the results
Price pushed into T2 to the upside and rejected and then dropped to lower T1 and supported. Remember levels to the upside are resistance and levels to downside are support. At the end of the week price closed right in the neutral and is getting very tight.
From a #Fibonacci perspective you can see price is still below the 618, the golden fib. Why is this a big deal? A move above the 618 signals a break in trend of the measured range.
Bulls need above 224.41 and a close on the weekly above this would be instrumental
How to keep profits on #ES_F using Time-frame and 9 EMA
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Step 1 have a process...Long over LIS into predefined targets
Step 2
locate what time-frame makes most sense to help you stay with trend using the 9 EMA but understand the higher the time-frame the more risk. we started with 9 EMA . In this case we are extended 23 points from the 9 ....too much!
Step 3-
What Time-frame fits your tolerance and your blueprint
In this case its the 15 min for me
It's confluent with the: Target, 9EMA and the Formation
ENjoy profits even if stopped and rest well for tomorrow