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. …
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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