Range bars are your friend, SPX could be due for more growth

11 июн. 2020 г.

On the 50 range bar chart for SPX E-Minis Futures , you can see what has happened during this last run-up when RSI dips to 40 or below and starts climbing. Marked with the red arrows.

We take a day or two for a quick breath, then start climbing again. I would like to see a couple more bars print for confirmation.

If we can punch thru the $3202 level, marked by the VPVR, and hold we should see a nice move up.

11 июн. 2020 г.

Заметка

For those of you not familiar, range bars only look at price action. They help get rid of a lot of the noise associated with time-based charts.

tradingview.com/blog/en/range-bars-now-available-tradingview-8078/