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	<title>
	Comments on: S&#038;P 500 Closes On Trendline Support	</title>
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	<description>Stock Trading, Investing &#38; Market Analysis</description>
	<lastBuildDate>Wed, 07 Sep 2022 16:00:46 +0000</lastBuildDate>
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	<item>
		<title>
		By: rsotc		</title>
		<link>https://rightsideofthechart.com/sp-500-closes-on-trendline-support/#comment-24753</link>

		<dc:creator><![CDATA[rsotc]]></dc:creator>
		<pubDate>Wed, 07 Sep 2022 16:00:46 +0000</pubDate>
		<guid isPermaLink="false">https://rightsideofthechart.com/?p=209063#comment-24753</guid>

					<description><![CDATA[In reply to &lt;a href=&quot;https://rightsideofthechart.com/sp-500-closes-on-trendline-support/#comment-24751&quot;&gt;sberenschot&lt;/a&gt;.

The same tools &amp; technics for trading on the longer-term (60-minute, daily, weekly, etc..) charts, such as buying pullbacks to support, shorting rallies into resistance, going long on breakouts above resistance, especially when combined with divergences or overbought/oversold readings, work just as well on the short-term intraday charts (5-min, 10-min, etc..).

I also like to align those quick in &amp; out trades with support &amp; resistance levels on the longer-term charts. E.g.- a pullback to horizontal (price) support level on the 5-minute chart that might align with a pullback to an &lt;abbr class=&#039;c2c-text-hover&#039; title=&#039;An uptrend occurs when a security or index is making a series of higher highs &#038; higher lows.&#039;&gt;uptrend&lt;/abbr&gt; line on the 60-minute chart. The better (well-defined as well as visible on multiple time frames) the support or resistance, the more valid it is &amp; the more likely to produce a &lt;abbr class=&#039;c2c-text-hover&#039; title=&#039;1) A bounce/pullback off support/resistance and/or a temporary consolidation around that level following a well-established trend leading up to that point. 2) A reaction low or high is a distinct point where the price of a security changed direction.&#039;&gt;reaction&lt;/abbr&gt; when hit from above or below (or a breakout if taken out).]]></description>
			<content:encoded><![CDATA[<p>In reply to <a href="https://rightsideofthechart.com/sp-500-closes-on-trendline-support/#comment-24751">sberenschot</a>.</p>
<p>The same tools &#038; technics for trading on the longer-term (60-minute, daily, weekly, etc..) charts, such as buying pullbacks to support, shorting rallies into resistance, going long on breakouts above resistance, especially when combined with divergences or overbought/oversold readings, work just as well on the short-term intraday charts (5-min, 10-min, etc..).</p>
<p>I also like to align those quick in &#038; out trades with support &#038; resistance levels on the longer-term charts. E.g.- a pullback to horizontal (price) support level on the 5-minute chart that might align with a pullback to an <abbr class='c2c-text-hover' title='An uptrend occurs when a security or index is making a series of higher highs &amp; higher lows.'>uptrend</abbr> line on the 60-minute chart. The better (well-defined as well as visible on multiple time frames) the support or resistance, the more valid it is &#038; the more likely to produce a <abbr class='c2c-text-hover' title='1) A bounce/pullback off support/resistance and/or a temporary consolidation around that level following a well-established trend leading up to that point. 2) A reaction low or high is a distinct point where the price of a security changed direction.'>reaction</abbr> when hit from above or below (or a breakout if taken out).</p>
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		<item>
		<title>
		By: sberenschot		</title>
		<link>https://rightsideofthechart.com/sp-500-closes-on-trendline-support/#comment-24751</link>

		<dc:creator><![CDATA[sberenschot]]></dc:creator>
		<pubDate>Wed, 07 Sep 2022 13:10:01 +0000</pubDate>
		<guid isPermaLink="false">https://rightsideofthechart.com/?p=209063#comment-24751</guid>

					<description><![CDATA[Hi Randy, 

Yesterday you mentioned some quick 5 minutes chart trades. 
Can you explain how you did this, what pattern you saw that made you believe it&#039;s good to enter? 
I often see the market overshoot the 5 minute trend lines with ease.. In those cases how you handle your stoploss, are you adding small positions when first trend over shoots you add additional small portion? ? 

Of in case of over shoot you just close the trade and wait for new moment to choose from?]]></description>
			<content:encoded><![CDATA[<p>Hi Randy, </p>
<p>Yesterday you mentioned some quick 5 minutes chart trades.<br />
Can you explain how you did this, what pattern you saw that made you believe it&#8217;s good to enter?<br />
I often see the market overshoot the 5 minute trend lines with ease.. In those cases how you handle your stoploss, are you adding small positions when first trend over shoots you add additional small portion? ? </p>
<p>Of in case of over shoot you just close the trade and wait for new moment to choose from?</p>
]]></content:encoded>
		
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		<item>
		<title>
		By: Tony		</title>
		<link>https://rightsideofthechart.com/sp-500-closes-on-trendline-support/#comment-24750</link>

		<dc:creator><![CDATA[Tony]]></dc:creator>
		<pubDate>Wed, 07 Sep 2022 03:49:48 +0000</pubDate>
		<guid isPermaLink="false">https://rightsideofthechart.com/?p=209063#comment-24750</guid>

					<description><![CDATA[uummm..what buyers???...dont think so]]></description>
			<content:encoded><![CDATA[<p>uummm..what buyers???&#8230;dont think so</p>
]]></content:encoded>
		
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		<item>
		<title>
		By: Mikeflegel		</title>
		<link>https://rightsideofthechart.com/sp-500-closes-on-trendline-support/#comment-24749</link>

		<dc:creator><![CDATA[Mikeflegel]]></dc:creator>
		<pubDate>Tue, 06 Sep 2022 21:52:39 +0000</pubDate>
		<guid isPermaLink="false">https://rightsideofthechart.com/?p=209063#comment-24749</guid>

					<description><![CDATA[Who thinks we take the leg Down from here as opposed to up.]]></description>
			<content:encoded><![CDATA[<p>Who thinks we take the leg Down from here as opposed to up.</p>
]]></content:encoded>
		
			</item>
		<item>
		<title>
		By: sberenschot		</title>
		<link>https://rightsideofthechart.com/sp-500-closes-on-trendline-support/#comment-24747</link>

		<dc:creator><![CDATA[sberenschot]]></dc:creator>
		<pubDate>Tue, 06 Sep 2022 21:05:25 +0000</pubDate>
		<guid isPermaLink="false">https://rightsideofthechart.com/?p=209063#comment-24747</guid>

					<description><![CDATA[Thanks for event calendar! I like that good additional value.]]></description>
			<content:encoded><![CDATA[<p>Thanks for event calendar! I like that good additional value.</p>
]]></content:encoded>
		
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		<item>
		<title>
		By: mSquare		</title>
		<link>https://rightsideofthechart.com/sp-500-closes-on-trendline-support/#comment-24746</link>

		<dc:creator><![CDATA[mSquare]]></dc:creator>
		<pubDate>Tue, 06 Sep 2022 20:58:32 +0000</pubDate>
		<guid isPermaLink="false">https://rightsideofthechart.com/?p=209063#comment-24746</guid>

					<description><![CDATA[Excellent, succicent post especially so for a day like today. Wish there was one such short post with a chart or two to read rather than a longer video repeating content from prior recent videos...]]></description>
			<content:encoded><![CDATA[<p>Excellent, succicent post especially so for a day like today. Wish there was one such short post with a chart or two to read rather than a longer video repeating content from prior recent videos&#8230;</p>
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