Comments on: SPY Backtesting Resistance on a Divergent High https://rightsideofthechart.com/spy-backtesting-resistance-on-a-divergent-high/ Stock Trading, Investing & Market Analysis Thu, 08 Dec 2016 17:48:00 +0000 hourly 1 https://wordpress.org/?v=6.9.4 By: GetItRiight https://rightsideofthechart.com/spy-backtesting-resistance-on-a-divergent-high/#comment-3006 Thu, 08 Dec 2016 17:48:00 +0000 http://rightsideofthechart.com/?p=174065#comment-3006 In reply to roy0606.

It’s been going on since Santa has been elected to the White House. Bad news we go higher, no news we go higher, good news, you guessed it, we go higher.
The buy the dip strategy is dead. No dips left.

]]> By: roy0606 https://rightsideofthechart.com/spy-backtesting-resistance-on-a-divergent-high/#comment-3005 Thu, 08 Dec 2016 17:41:33 +0000 http://rightsideofthechart.com/?p=174065#comment-3005 I guess we can get ready for the Santa Claus rally next ??

]]> By: crude13 https://rightsideofthechart.com/spy-backtesting-resistance-on-a-divergent-high/#comment-3004 Thu, 08 Dec 2016 13:43:53 +0000 http://rightsideofthechart.com/?p=174065#comment-3004 As an experienced trader once said “wedges to channels and channels to wedges sooner or later the gambler will get it right if he has any doe left”

]]> By: j1persi https://rightsideofthechart.com/spy-backtesting-resistance-on-a-divergent-high/#comment-3003 Thu, 08 Dec 2016 11:04:11 +0000 http://rightsideofthechart.com/?p=174065#comment-3003 Bullish after it’s up is not an inidicator it’s just a result. Indicators were bearish before the rise. When the market drops and they turn bearish it’s too late

]]> By: Eric K https://rightsideofthechart.com/spy-backtesting-resistance-on-a-divergent-high/#comment-3002 Wed, 07 Dec 2016 23:02:08 +0000 http://rightsideofthechart.com/?p=174065#comment-3002 In reply to GetItRiight.

GIR I think you got it right!

]]> By: Mrg5a https://rightsideofthechart.com/spy-backtesting-resistance-on-a-divergent-high/#comment-3001 Wed, 07 Dec 2016 21:56:16 +0000 http://rightsideofthechart.com/?p=174065#comment-3001 Technicals are working. They are just Bullish.

All Moving averages bullishly aligned. 10>20>50>200MA
RSI above 50
MACD above 0

Divergences are building, but maintain bullish bias

]]> By: jegersmart https://rightsideofthechart.com/spy-backtesting-resistance-on-a-divergent-high/#comment-3000 Wed, 07 Dec 2016 21:35:42 +0000 http://rightsideofthechart.com/?p=174065#comment-3000 Imho you have to stick with what works for you because there are periods when it doesn’t. These periods are to be expected and weathered and are part of trading. Patience and money management are key.

]]> By: j1persi https://rightsideofthechart.com/spy-backtesting-resistance-on-a-divergent-high/#comment-2999 Wed, 07 Dec 2016 19:53:20 +0000 http://rightsideofthechart.com/?p=174065#comment-2999 In the short term for the broad markets we’d be better off doing exactly the opposite of what technicals are telling us

]]> By: GetItRiight https://rightsideofthechart.com/spy-backtesting-resistance-on-a-divergent-high/#comment-2998 Wed, 07 Dec 2016 19:33:50 +0000 http://rightsideofthechart.com/?p=174065#comment-2998 In reply to nikolayy.

You are right, the market moves don’t make any sense lately, which makes any technical analysis challenging. Until we have a definitive trend change, not just expected, I will only take long side trades, except natgas and crude short.

]]> By: nikolayy https://rightsideofthechart.com/spy-backtesting-resistance-on-a-divergent-high/#comment-2997 Wed, 07 Dec 2016 19:31:29 +0000 http://rightsideofthechart.com/?p=174065#comment-2997 Technical analyze do not work anymore .. its dead .. good news we have sell off and bad new we get a rally. FED and big banks move the market and bring it to condition we all look for then they push the marked and catch all the stops. Why we get this push today? What happened

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