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 …
SPY If we get 2 closes in a row beneath 128.70 that would put it in a Distribution Phase. Now, 4 Distribution days in volume. The signs have been there since the island top back in July. The slope on …
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