We are now in an unconfirmed warning phase in SPY, which happily did not have another Distribution day in volume. Furthermore, the slope of the 50 day moving average is up so we are calling this a weak unconfirmed warning …
Many ultrashorts against key resistance while indexes enter new phase
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I am on the road this weekend, therefore, this is somewhat abbreviated version for Monday.
Needless to say, damage was done on Friday with SPY closing down 1% with another Distribution Day in volume. But, the channel is intact, the …
Until we get the Accumulation Day in volume, flexibility is key
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Today I was grateful for WTW. Although we have had some really good trades lately, they have been mostly mini swing trades. Today's trade was one of those rare occurrences of late where we comfortably bought strength, did not have …
SPY did exactly what we expected it to do after holding the 50 day moving average and the channel bottom I've been showing you on the videos. Came in above the FTP then broke out on a 30 minute opening …
After recent selloff, a rally without volume not as strong
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Just when one might think perhaps it's time to become bearish, the signals are still mixed. IWM clearly the weakest lately, closed with a distribution day in volume yes, closed with a confirmed warning phase yes, but, the slope on …
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Seriously, I am not trying to sound like a desperate bull, but there are a couple of reasons why this may not be completely a done deal. First, SPY did not hit the 50 day moving average at 132.45 or …