SPY Yes an Accumulation day in volume and an impressive bounce after the Bernanke speech. But, could not take out last Thursdays' high and closed slightly above the adaptive moving average and below 120.08, the barometer closing price the week …
SPY Filled that gap and put together yet another Distribution Day in volume. Started out the week talking about the 120.08 close pre downgrade. Now, ending the week looking to see if it can hold the 200 weekly moving average …
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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