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Really appreciate the lessons!! On your "line in the sand" (LITS) technique, are we drawing that line along a key previous low, or would previous highs sometimes define our LITS support line? See XLF in July & Aug 2024. It broke a key support at 42, which was formed at highs in April and May. Would we sell after follow-through on Aug 5 (not knowing that XLF would bounce up from there!)? Or would your LITS be at 40, formed from the lows in May and June? (LITS will really help my trading - many thanks!!)
Thank you, Dave. Apple exhibits a price pattern mirroring Kroger's, characterized by an upward breakout. However, we anticipate a standard correction within the S&P 500.
SPY is the ETF that reflects the S&P. $SPX is the cash settled index for the S&P. One advantage of using a cash settled index for trading options is the IRS allows you to recognize 60% as long term capital gains, REGARDLESS of how long you hold it (including 0DTE).
Yeah but how about the Spy August low, which was lower than the previous low, but then went up? We would be led to believe it will go lower but it went higher.
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➡ Follow Dave on TH-cam: www.youtube.com/@DKellerCMT
👀 See what better financial charting can do for you! stockcharts.com
👍🏻 If you enjoyed this video be sure to hit the THUMBS UP
✅ If you found value, consider SUBSCRIBING to our channel and ring the bell so you never miss a new video! Subscribe Here: tinyurl.com/wvet7qj
Glad to see you back on this channel 🥳🥳
Great to be here! Thanks for watching D
Fantastic video. 10/10
Really appreciate the lessons!! On your "line in the sand" (LITS) technique, are we drawing that line along a key previous low, or would previous highs sometimes define our LITS support line? See XLF in July & Aug 2024. It broke a key support at 42, which was formed at highs in April and May. Would we sell after follow-through on Aug 5 (not knowing that XLF would bounce up from there!)? Or would your LITS be at 40, formed from the lows in May and June? (LITS will really help my trading - many thanks!!)
Good lesson on the Scan Engine, thanks.
Thank you, Dave. Apple exhibits a price pattern mirroring Kroger's, characterized by an upward breakout. However, we anticipate a standard correction within the S&P 500.
100% agree on the comparison here! D
Thank you so much for this upload
I have got to learn how how to use these features to sort my stocks.
How can a get a copy or see your S n P chart? I’m a subscriber
Dave's ChartList is here: schrts.co/TTCbWDpE
Can we write something based Elder's impulse chart?
Great suggestion will see what I can do! D
Can we use SPY as the benchmark instead of $SPX? if not, why not? Thank you Dave :)
SPY is the ETF that reflects the S&P. $SPX is the cash settled index for the S&P. One advantage of using a cash settled index for trading options is the IRS allows you to recognize 60% as long term capital gains, REGARDLESS of how long you hold it (including 0DTE).
Yep, either one works for me. I actually tend to use SPY almost everywhere. D
The best way to determine if the uptrend is over is to look to see if I have added it to my portfolio recently
Yeah but how about the Spy August low, which was lower than the previous low, but then went up? We would be led to believe it will go lower but it went higher.