QQQ Chart with Fisher Transform and 20/20 Sto
Using this chart set up to enter the ES because the Q's lead the market. You could probably use this with SPY with the same results.
Idea is to take an entry when Fisher Transform has a bullish cross, as it did earlier this morning. When the blue line of the Sto cross up through the orange signal line, this confirms the entry. Since as of 12:38pm ET the Fisher has had a bearish cross, then you would hold off with any new entry. Holding longs is probably a good strategy here since it's pretty obvious the market wants to go higher on news out of D.C.
All IMHO, and your mileage is bound to vary.
GL
Idea is to take an entry when Fisher Transform has a bullish cross, as it did earlier this morning. When the blue line of the Sto cross up through the orange signal line, this confirms the entry. Since as of 12:38pm ET the Fisher has had a bearish cross, then you would hold off with any new entry. Holding longs is probably a good strategy here since it's pretty obvious the market wants to go higher on news out of D.C.
All IMHO, and your mileage is bound to vary.
GL
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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.