Last night, I wrote up 3 possible scenarios. 1. Watch for a return move over the high of the gap down day to follow up. 2. Keep a cash position until the market tests a major moving average (such as …
Still mixed, but the overall trend appears to be emerging
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One never knows a top is in place until it confirms. So, even though we had the bearish candle in S&P 500 (SPY), followed by the 2 inside days, followed by the break of the range and now, the gap …
Whether it's day, mini or swing, the strategies are consistent
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After the 2 inside days, S&P 500 (SPY) broke the lows and closed just beneath the fast moving average, first time since January 31st. Certainly merits respect, but is only one layer of analysis. The phase remains bullish. There is …
Then add a combo of pivots, short-term trading patterns, type of trade and risk
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Dow Jones Industrial Average (DIA) and NASDAQ 100 (QQQ) closed slightly higher on Friday while QQQ closed higher on the week and DIA basically unchanged. S&P 500 (SPY) closed lower on Friday but slightly higher on the week. Russells 2000 …
3 things are clear. 1. The market is not dead yet. 2. The Rotation and Roll Game is alive and well with the Transportation Sector (IYT) the new "it" ETF 3. The Japanese Bearish Candlestick pattern in the S&P 500 …
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