The gap lower 5 min OR short and the OR high failure
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SPY Continues to hold the adaptive MA at 117.98. Directionless day with light volume which could be a sign of weariness of traders, vacation time before it's back to school or that interest is drying up in the current bear …
More caution when phase is bearish and the pivots are negative
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SPY Held the fast moving average at 118.42 and still a bit away from the adaptive MA at 117.92. We had the one day of accumulation in volume on August 9th when it made a peak low and closed strong. …
How the pivots stack, stock’s condition and nearby reference points all factors
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SPY On the 3 scenarios covered in Sunday's blog-this one worked-" If it comes in higher Monday, would be inclined to follow it to the upside in anticipation of more upside." And so it did, except on very light volume. …
A look at some picks for more than a daytrade
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Welcome to the new members who joined us late last week!
For both new and existing members, we are transitioning the Focus List back from it being provided by Mish’s Market Minute. You will now see it both as an …
SPY Some mixed indicators which make is more difficult to read next direction. Volume on Friday light. Could not close above the prior week high 120.08. Closed at the top of the range of last week. Closed above the 200 …
SPY hard to know if the run today was the start of a bottoming formation or a good rally to last week's resistance. Incredible how it nearly wiped out yesterday's loss. A true testimony to the ongoing volatility. Fact-good follow …