E-Mini SP 500

Xymox

Established member
834 10
#3
daily chart

every chart elicits feelings of directional bias in a group of 100 traders. If the 90% feel the market will go down and 10% feel it will go up, offers an edge to the most likely direction from here onwards. Afterall can 90% of the people feel they right?, this skew is rewarded at the extremes of a contagion heuristic, times of panic and greed.
 

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Xymox

Established member
834 10
#5
Candles

Candles offer a unique view on the market especially when you combine multiple timeframes on the same screen.
 

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Xymox

Established member
834 10
#10
the above patterns applied to normal chart patterns. Beyond a certain number of resistances and support on the daily that get violated, psychological/price cascades occur. Greed or fear takes over.
 

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