@synapseSorry, been out this arvo. Well done, keep snipping...

@synapse
Sorry, been out this arvo. Well done, keep snipping trades. Just a vital point to keep in mind, just because an SP falls heavily, doesn't mean we have to buy it. There was a fair bit of de-risking today and with such a high SOI it's difficult to answer the who and the why but it would be nice to know just why IMU is on the nose over the past month or so. Have those darn fundies been tricking us??

To answer your question, the 30min an hourly will point me towards a bottoming pattern and the daily's will confirm it. Well that's what I use anyway. It's why I posted the other day that there was zero signals from any time frame that this stock was a buy.

You've probably seen me post this many times, it's simply the 30/hourly with and 8/20 ema combination so while the SP is so far below the pink 20ema it's a leave alone. Pay attention when the SP starts printing above the yellow 8ema and get exciting if there's a strong angle of attack to cross the 20ema.



For faster trades intraday, use the same system but on shorter time frames . (5/15)