Now that we are in ROC- territory Heiken Ashi candles can be used to fine tune entry point. See url here…
https://www.tradingview.com/e/?symbol=SPY
Use SPY and 2h Heiken Ashi candles. You have the usual Lo-Hi line and Open-Close filled box. I see that the 3rd green candle at the open of the 2h period is a great time to enter AFTER the Fed event. Any reds and you stay cash.
The market had a great run from Oct 9-Dec so the Fed has to cool it off. The -3 BBd ‘stretch’ point is $175 but I want to use Heiken-Ashi for entry point.
