doesn't look good for monday or tuesday. it would not be smart to go long. not yet. we are at 2017 levels on spy . there is no way anyone can tell me we are in a bull market. times like this require courage to stick to your judgement and not let the market play you. many people thought after a 3% down day that we will have a relief rally. which is the reason...
The Rising Wedge is a bearish pattern that begins wide at the bottom and contracts as prices move higher and the trading range narrows. to get more information google rising wedge....
Me applying the wyckoff distribution phases to spy. Below is a description of everything on the chart. I know it is a lot but it is well worth reading. the mind is a terrible thing to waste. Please check related ideas link for more information into wyckoff and this distribution phase. THIS IS BASED OF THE WYCKOFF DISTRIBUTION PHASES. Phase A: Phase A in a...
dojo or doji? i was surprised to see a perfect doji candle on spy for today so i went back to see how often it happened in the last year. only twice before today. 10/2/18 was the first date. it was pretty much the last days the bulls ever seen sunshine until jan. 5/8/19 was the second date. market received crushing tariff news and the panic was in the...
seeing double? 10/2 - 10/11 we had a sell off. a small bounce back before a bigger sell off that ended on 10/29. followed by a huge rally. this rally ended on 11/7 and preceded with a sell of for the next 3 weeks. from 5/1 - 5/14 we had a sell of. a small bounce back before a bigger sell of that ended on 6/4. followed by a huge rally. this rally ended...
head and shoulder pattern on spy. head to neckline is 5.1%. if we project that from neckline to price target, it would give us 266.
Inverse head and shoulder pattern on VXX. if we measure from head to neckline and project that forward we get a 41.5 price target.