New ATH for SPX and ES today -- will CPI print give us the fuel to push higher?
Great Video. I have 2 questions. 1). At 18:50 min you drew a blue zone, was that based on 50% fib? 2). Since you trade CL & GC, do you ever see a correlation/predictive value with SPY?
Yeah, because fib levels are not always exact. I like to draw zones to accommodate for potential standard deviation as range expands, and compresses.
So that as I’m watching my chart, even when I’m zoomed in, I’ll see that we come into that zone and I’ll know why it’s marked based off of the color.
I don’t typically look for that when I chart CL/GC. I just typically look at each chart independently when I am looking for trade set ups.
Great Video. I have 2 questions. 1). At 18:50 min you drew a blue zone, was that based on 50% fib? 2). Since you trade CL & GC, do you ever see a correlation/predictive value with SPY?
Yeah, because fib levels are not always exact. I like to draw zones to accommodate for potential standard deviation as range expands, and compresses.
So that as I’m watching my chart, even when I’m zoomed in, I’ll see that we come into that zone and I’ll know why it’s marked based off of the color.
I don’t typically look for that when I chart CL/GC. I just typically look at each chart independently when I am looking for trade set ups.