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 …
Top signs to watch for a bottom or congestion before another failure
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SPY Inside day. Big Volume but not a Distribution Day. However, under the 200 weekly moving average and S1. Therefore, will watch to see if it can take out today's high which would also take it back above the 200 …
Using the 1 Day Pivot Low and Reversals with Positive Pivots
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SPY Well I guess it took the weekly RSI to read oversold and one last flush after the FED meeting to get the rally we all waited for. Question now is how much and for how long? The longer it …
Several examples of perfect setups!
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SPY Finally, we can start to look at the weekly RSI and say we are oversold. The daily RSI has been different, oversold for quite some time now. And of course just because the weekly RSI is oversold, I have …
Some strategies for daytrading during volatile markets
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Letter to my Subscribers:
Given the historic event of the US downgrade by S & P, let's not lose perspective that any/all historic events have created and will create opportunity. To survive as a trader, one has to adapt. And …