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CHART OF THE DAY: STOCKS PIERCE THE 200-DAY MOVING AVERAGE - A few astute commenters have pointed out that, as the chart clearly shows, the S 500 did briefly cross below the 200-day moving average in early June before rocketing higher. Thus, the real signal for technical analysts is the confirmation of the trend – in other words, when stocks move back up to the moving average, will they cross through to the upside, or do they bounce back to the downside?
Right Line Trading Trade of the Day 11/5/15. Trade was a break of the 50-day SAM with order-flow and momentum aligned to the upside on 2 higher time frames. This alignment was signaled intra-bar by the green "halo" around the candle. 15-day proprietary Right Line Trading moving average was heading up strong. Market moved up 29 ticks.#trading #trade #futures