SPX: Spotting downward movement
I've flagged the most obvious signs of a downward movement after the SPX reached resistance at around 4300. I use Stoch RSI, 10-50 SMAs, MACD, and RSI to determine momentum and possible reversals. The system I use is based on two traders' method (BJones and J10 via Twitter). The "System" was developed mainly by Brian Jones to save traders from holding stocks in bad market conditions, while maximizing profits. J10 uses the system for mainly options trading.
The System (a god send)
- is highly based on the 10-50SMAs. When the 10SMA crosses the 50SMA positively we long if Stoch RSI is inbetween 0.5 and 0.8. When the 10SMA crosses the 50SMA negatively with a Stoch RSI below 0.5 and above 0.2 shorting or going back into cash are both options depending on volume and recent market structure.
- this system only works for SPX.
Personally;
- I trade S&P futures using this method. I base entries via the system and SPX. Regardless of what futures are telling me the SPX is what I base everything off of. In the end the SPX determines what outcome futures will have.
- Lastly, I personally don't trade premarket or aftermarket because there is no live SPX price action to determine my entries off of.
Not my system (BJones (stocks) and J10 (options))
Not Financial advice.
Goodluck during the coming or rather present bear market everyone I hope you all get rich taking the wealthiest MMs bank!!!!!!!
Reach out if you have any questions I'm very open :)
The System (a god send)
- is highly based on the 10-50SMAs. When the 10SMA crosses the 50SMA positively we long if Stoch RSI is inbetween 0.5 and 0.8. When the 10SMA crosses the 50SMA negatively with a Stoch RSI below 0.5 and above 0.2 shorting or going back into cash are both options depending on volume and recent market structure.
- this system only works for SPX.
Personally;
- I trade S&P futures using this method. I base entries via the system and SPX. Regardless of what futures are telling me the SPX is what I base everything off of. In the end the SPX determines what outcome futures will have.
- Lastly, I personally don't trade premarket or aftermarket because there is no live SPX price action to determine my entries off of.
Not my system (BJones (stocks) and J10 (options))
Not Financial advice.
Goodluck during the coming or rather present bear market everyone I hope you all get rich taking the wealthiest MMs bank!!!!!!!
Reach out if you have any questions I'm very open :)
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