ICT stock series and SMT divergence


fxsailor

Member
In the last live session done by ICT on Nov 30th. Around the 19min mark. https://www.youtube.com/watch?v=8WLPSeH2Ga0

Michael shows SMT divergence between the three US indexes. He shows that the Nasdaq comp made a lower low on Sept 29th while the DJIA and the S&P 500 did not make a new low. I can not find a feed that shows the Nas making a new low for that day. I have tried different Mt4 platforms, google fiance, barchart, etc. I also tried the nas 100.

Can any one else this low made for the Nas?
 

sqa

Village Scribe
It was really clear on the H4 chart. It's not on the D1. I know, as I was waiting for it to diverge to watch a few things. :)
 

shopster

Well-Known Member
fxsailor said:
In the last live session done by ICT on Nov 30th.
Around the 19min mark.
Michael shows SMT divergence between the three US indexes.
the real questions.

1) why was he not loaded up long with his feet up instead of yapping about past history.
2) what kind of dumbass loads 20 cars short on a pair and runs it to zero.
3) who blows up 3 yards of capital because he can't trade jack.


ICT junkies just keep lining up for more hits off the needle.

s
 

d16y

Well-Known Member
It's there on my MT4. Plotting the LOWS. Do note he used nasdaq composite index not the nasdaq 100 index.
 

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Jeronimo

Guest
d16y said:
It's there on my MT4. Plotting the LOWS. Do note he used nasdaq composite index not the nasdaq 100 index.
I use the grass growing in my yard index, works a treat...

Manny thks

J
 
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Jeronimo

Guest
shopster said:
the real questions.

1) why was he not loaded up long with his feet up instead of yapping about past history.
2) what kind of dumbass loads 20 cars short on a pair and runs it to zero.
3) who blows up 3 yards of capital because he can't trade jack.


ICT junkies just keep lining up for more hits off the needle.

s
aaawww. did we loose the "i want to feel important" posting in bold, whooo hoooo!

What wor your questions...?
 

garry

the art of war
Jeronimo said:
aaawww. did we loose the "i want to feel important" posting in bold, whooo hoooo!

What wor your questions...?
even you should understand the questions ,pretty straight forward care to answer ;)
 

Peterma

Well-Known Member
Sailor, didn't see the video you mentioned, nor did I spot the divergence on the nq, but that it happened is not a surprise.

The nq is tech laden (as I well remember when the bubble popped, grrrr..) the S&P is broad, so a lower low on the techs but not on djia or s&p would represent a breadth indicator signal saying 'do not sell this, the techies are on their own'.

There are lots of ways to determine breadth, the divergence you mention is one, also that reallytrade guy mentions another - daily s&p on Sep 29th:

(apologies for lack of graphics, old dog, new tricks etc etc, anyways, good day to go long on the s&p is Monday, maybe an hour after the open, Monday Oct 5 will suit, but only if the stars align)

Ok, it's the last bar/candle after the tiny Sunday one, see the break of zero - stupid techs :)
 

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