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As always, very nice charts. One question however: I often try to replicate your charts using tradestation and using tonight's spx as an example, I cannot replicate the blue channel i.e. on mine it looks as though today's day session close was clearly above that channel top
The SPX that I use is not the real SPX. It's the CFD of SPX which trades longer hours than cash SPX. Since it trades longer hours it gives a better vision of the market. It's offered by my broker and the price is also decided by them. I guess their customer base is quite large and they can do such things. Another advantage is that it doesn't expire like futures so there is no price difference similar to the one between contracts.
Sorry Kiran. I was running out of time yesterday so I posted 4 charts only. On the other hand, SPX and DOW should give you some idea about where RUT can go next.
Hi
ReplyDeleteThx for update. As a request please include RUT as myself and many trade IWM
As always, very nice charts. One question however: I often try to replicate your charts using tradestation and using tonight's spx as an example, I cannot replicate the blue channel i.e. on mine it looks as though today's day session close was clearly above that channel top
ReplyDeleteThe SPX that I use is not the real SPX. It's the CFD of SPX which trades longer hours than cash SPX. Since it trades longer hours it gives a better vision of the market. It's offered by my broker and the price is also decided by them. I guess their customer base is quite large and they can do such things. Another advantage is that it doesn't expire like futures so there is no price difference similar to the one between contracts.
ReplyDeleteSorry Kiran. I was running out of time yesterday so I posted 4 charts only. On the other hand, SPX and DOW should give you some idea about where RUT can go next.
ReplyDelete