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...
10 SMA testing the 50 SMA on the 30min chart. Stock RSI and the distance from the 50 SMA is showing an over sold level currently. Wouldn't be surprised if BTC bounced from this considering how it's been performing lately. However if the price can't move over the 50 SMA and the 10SMA negatively crosses the 50 I would be short biased.
Trade safe and use a stop...
10SMA positively crossed over the 50 SMA on the day. Constant good news and decent earnings lately. Small float stock that is likely to see upside in the coming weeks. Formed a support.
If this pumped historicals show that any pump would probably be sold off back into that support. A break of the support... and the idea is invalidated.
Good luck trading and...
10 SMA closing in on the 50 SMA on the day. A cross of the 10 SMA would likely show good upside to a high of 30% gain. General market looking like it’s coming back up as well.
Play safe use a logical 10% stop-loss.
Goodluck.
