Soy will start to go back up in the next few days…
I just started using Heishi Ashi as my chart type or chart style and I really like it. It adds another aspect to help cut out the market noise and helps to show you the trend direction of the market a little better. I am just starting to learn more about Heishi Ashi.
I suspect the market will start to go up in the next few days as some of the indicators I use such as the MacD, Stoch RSI, and DMI are looking like they will start indicating a move up. Also, if you look at the last few months, the market tends to go back up at the beginning of the month after a short pullback.
I will enter the market after there are 2 days of green Heishi Ashi chart bars.
I suspect the SPY will reach 567 by Aug 16-21 as those are the days of the months where the market tops out then starts to retract for a few days.
2 of the last 3 months the SPY moved up about 30 points with each move which is why I choose 567 as a target point.
I suspect the market will start to go up in the next few days as some of the indicators I use such as the MacD, Stoch RSI, and DMI are looking like they will start indicating a move up. Also, if you look at the last few months, the market tends to go back up at the beginning of the month after a short pullback.
I will enter the market after there are 2 days of green Heishi Ashi chart bars.
I suspect the SPY will reach 567 by Aug 16-21 as those are the days of the months where the market tops out then starts to retract for a few days.
2 of the last 3 months the SPY moved up about 30 points with each move which is why I choose 567 as a target point.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.