 Hey everybody it's Hai Swaminathan from optiontiger.com we are looking at the SPX price action for Thursday August 22nd market start of started to go up in the in the in the beginning however you can see the ticks don't really support that and somewhere around here you get the you start getting the persistence and of course on this bar is when you have the third red dot as you can see and the RSI moving into the very bearish zone and that would be this bar at the SPX level of 29 27 so if you took the trade there you would ride it through all these red dots you would not get faded by this one you could go all the way here and after the second green dot is when you would get out which would be about 29 12 or 29 14 so that's about a 13 14 point drop on the SPX which would have been a $2500 trade and after that although you see some persistent green dots the market is already very negative at this time and of course it did end end up marginally negative as well so these are generally not trades that you would take you would want to wait for a persistent down move and that really doesn't come as you can see you can see some red dots developing here however the RSI is in the bullish and so there's no trade there and then the only other trade possible was somewhere here towards the close and that too it doesn't really it goes into the very bearish just barely and then comes out so really this was the one good trade which would have been worth about $2500 this was for Thursday August 22nd thanks the SPX ticks as well as the custom RSI are custom indicators and algos if you have any questions you can go to this bit.ly link bit.ly slash SPX algo and you can find more information on how to get these indicators thank you