Some signs say yes, but ultrashorts not perfect setups yet
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SPY Can't argue with a good rally at the end of the day, but still cannot get overly excited since volume went back to anemic after an accumulation day yesterday. Plus, as the chart points out, it filled the gap. …
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SPY A couple of interesting aspects concerning today's rally. First is the accumulation day in volume, nice start. Second is the close over the 200 weekly moving average at 155.33. Third is the close over the fast moving average at …
R1, inside days and positive pivots helped us get long
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SPY I keep hollering about volume. Today, volume was light. Plus, we could not get back over the 200 weekly moving average. The best we can say is that the low from Friday held. And now we have an inside …
How to use R1 and the 5 minute OR to fade the gap higher
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SPY All eyes will be on 110.27 the week ending 8/12's low tick. And it seems pretty safe to say we will get there. We are officially oversold on the weekly chart, but not the daily. Saw some tweets on …
SPY Broke everything, the adaptive moving average, the 200 weekly moving average and what I was warning about-distribution volume patterns and Death Crosses came home to roost in a big way. Plus, now 7 Distribution days in volume after today. …