Reset Risk Reward Signals

Many of you who read my blog on a consistent basis know about the "Reset" scenario that I speak about.  Starting today, I will indicate on the 60 minute chart if there is a high chance a "RESET" is occurring and in which direction the probabilities of price movement will be.  This signal is not bullet proof, but it raises the odds heavily in its favour.  These "RESETS" are also fallible only during volatility as is many, including our own indicators we use so there is nothing new here.

These "RESET SIGNAL"  will help those looking for a better entry point when one is not able to get in at the right time.  This I am sure has happened to everyone and who are afraid of chasing only to see prices ramp up or free fall leaving many of us sitting on the sidelines or riding the losses down with it.  Hopefully this will help clarify the analysis on a daily basis.  The EW analysis will be scaled down in hopes of less clutter and confusion which does not reduce the risk anyhow.  These signals are inline with my time-frame analysis theory and does not divert from my overall work.  What I am trying to accomplish here is a system that provides fast,easy, and no bullshit analysis, where if someone cannot make a solid decision, all they have to do is look at where the bias is likely to occur.

This is not a solicitation to trade, but a tool to guide your own trading strategy or system.

You will notice the green and red arrows on the chart below that triggered during price action signalling either a bottom or top.  These signals do not often occur at ultimate bottoms, as this requires multiple studies, but I am hoping that if a trend has started (ST), then we would look for opportunity or biases based on that ST trend.

Note: The SPX monthly bar is in good reversal form.  This suggest that if the bar holds true then we should get a down turn for at least a month and possibly longer if price persist in the downward fashion.  The weekly is not bearish at all and this must be in sync with the monthly chart to see any strong moves.

SEN: Bullish
ST: DOWN
PA: DOWN
R:  Apr 28th Down