the daily KISS charts with the MA ribbon also for now favor the
scenario I laid out. Notice MA ribbon is pinching from the
underside and price is coming up underside of the 50 MA and ATR - I
think one of those areas will offer resistance
what would trigger the KISS daily SPX and QQQ's to go back long?
Right from there you would have to have price go well above the ATR
on a closing basis.
that said, if this wave B lower high scenario plays out, the
KISS system then has an opportunity to long after the wave C
decline and then the ABC buy conditions may kick in that would
allow these to go back long just 2 or 3 days off the lows. ABC's
and washout longs are my favorite triggers on the KISS
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the daily KISS charts with
SPX and one scenario the abc
Posted by matt on 28th of Apr 2024 at 11:29 am
the daily KISS charts with the MA ribbon also for now favor the scenario I laid out. Notice MA ribbon is pinching from the underside and price is coming up underside of the 50 MA and ATR - I think one of those areas will offer resistance
what would trigger the KISS daily SPX and QQQ's to go back long? Right from there you would have to have price go well above the ATR on a closing basis.
that said, if this wave B lower high scenario plays out, the KISS system then has an opportunity to long after the wave C decline and then the ABC buy conditions may kick in that would allow these to go back long just 2 or 3 days off the lows. ABC's and washout longs are my favorite triggers on the KISS