All Eyes are Up!
Internals & Indicators at work. A/Ds, Volume, MACD, CCI, RSI can be a big help in making trade decisions. Notice how the "Ovals" all lined up in the above chart giving a clear SELL signal on the SPY following the Double Bottom Entry at 9:45 on Friday. The chart below tells a better story on the entry.
2 Day, 10 min. - Aug. 7 - Double Bottom combined with other indicators helped make successful trade decision.
30 Day, 2 Hr. - Aug. 7 - Strong Bullish Trend just keep rolling on in spite of concerns that it has gone "Too Far."
3 Month, Daily - Aug. 7 - No real sign of weakness in the technicals can be seen. The market is Bullish until the Trend Line is broken and some lower highs and lower lows occur.
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