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UnknownUnicorn292837

SPX500: Spotting Corrections with The Force Index

Índice S&P 500 (FX:SPX500)  
UnknownUnicorn292837 Atualizado   
FX:SPX500   Índice S&P 500
S&P 500 (SPX500)
11
2
spx500
Alexander Elder recommends using a 22-day EMA for trend identification and a 2-day Force Index to identify corrections. The trend is up when the 22-day EMA is moving higher, which means the 2-day Force Index would be used to identify short-term pullbacks for buying. The trend is down when the 22-day EMA is moving lower, which means the 2-day Force Index would be used to identify short-term bounces for selling.

Have a good weekend everyone. May The Force be with you.
Comentário:
This is my follow up and clarification on my previous post. I do think we're approaching a correction. Maybe not a reversal yet, but there are signs of a correction coming. I do think SPX can still go to 2370 - 2400 area easily.

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