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 …
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 …
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 to adapt, one has …
SPY So as not to repeat the obvious, want to talk about volume patterns. Yesterday the hammer candle was not supported by the "double the average daily volume" rule of thumb. Today, the volume did indeed double. Now we need …
SPY We did indeed confirm a Distribution phase today but, also acquired an Accumulation day in volume with a hammer candle. The criteria for blow off bottoms is nearly double the average volume. That didn't quite happen, but clearly the …