As it is very obvious, Stochastics has reached a level of 99.81(Same as 100) on the S&P500 Monthly chart. Be very careful of buying the dips as I am expecting the November Candle to close Red with Stochastics at this level. I hope this provides another variable to consider.
Thank you
Regards,
Darren
Thank you
Regards,
Darren
Note
I Actually came back to this idea shortly after I posted it. Stochastics is actually maxed on the Monthly, Weekly, and Daily. Please place your trades accordingly.Thank you,
Darren
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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.