Using picks and post FED meeting trading range
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Islands everywhere. IWM UUP FXI AAPL for starters. But trading on that one pattern alone when the market goes up and down 100 like a slinky, can strip one of his/her shirt leaving one, well, bare chested. Most famous and …
How to identify them, confirmation and how to trade with other references
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After breakaway gaps, low volume and inside days in SPY and IWM, today filled the gap which takes wind of the sails of the last move up. Not a confirmed phase change from Accumulation to Recovery in SPY until there …
Will this be an orderly correction or end of up move
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Not unexpectedly, all the indexes had low volume, narrow ranges with inside days. SPY ran 18% from its peak low October 4th to the high made on October 27th . The other 4 times this occurred, (single month rallies of …
Midcaps (IWM) had the highest percentage gain of all the indexes. Speaks to layering in to the mix, the positive earnings season in mid and smaller cap stocks. Following the positive volume patterns as well as the slope of the …
When to Use an Opening Range Reversal Against R1
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Technicals are mixed making this a really tough environment. Slope on the 50 DMA in SPY has declined although price is above along with a positive phase and volume patterns good (another accumulation day today.) Big note: If SPY closes …
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