Mon 11_19

Extreme advancing day.  Breadth being extremely bullish.

The 15m & 5m with 3/10macd below.  If you didn't buy the open I prefer to wait until the 3/10macd fast line on the 5-minute crosses (or anticipate a crossing of) the slow line.   First long entry a small loss.  Second long entry, a small gain.  The 3rd up arrow long entry indicates the "trigger" but I actually entered closer to vwap and added to the position at around the last up-arrow.

During these extreme advancing days I find it's often best to look for an entry (or build a position) on new low TICK readings, with the anticipation of closing near the higs of the day.

On the higher time frame:
Price strongly recovered the 200-day Moving average, however it has a downward sloping 20-MA directly overhead and a downward sloping 50-MA.  Corresponding with the 20-day MA is the 38.2% Fib. retrace.  Still very much in a down trend which will start to come under pressure from short sellers once momentum begins to wane.

Extreme bearish sentiment from the Open. Was a tough day.  All I have today is hindsight and these two charts.
A really good example of a Price/TICK divergence off of the 10:30 (CST) lows.  Also, extreme +TICK readings were good for fade scalps up until the sentiment shift.

And the sentiment shift occurring at noon on volume which compared to that of the earlier lows.

Gap Fill Squeeze higher

This has all happened before, it will all happen again. We get a jolt of volume which is followed by a steep rising wedge/channel higher.

A nice gap-fill in the morning followed be a market with zero selling pressure.

Every pullback in the TICK to -500 or lower was a buying opportunity (bottom histogram is just a smoothed indicator of the TICK).