10 Day, 60 min. - Aug. 14 - Sideways Range Bound Channel over the last 2 weeks. Longer range the trend is up. Short term there is a good possibility of a correction.
3 M, Daily - Aug. 14 - Bullish Trend leads into a Range Bound Sideways Market.
Aug, 13 - Trade Page on SPY - ADs, UVol/DVol, MACD, CCI, RSI combine to indicate entry and exit points for trades. In the above chart the OVALs line up with Double Bottoms to suggest potential trade opportunities.
2 Day, 10 min. - Aug. 13 - Double Bottom combined with other indicators are show with Gold Spots.
3 Month, Daily - Aug. 13 - Bullish Trend obvious in above chart. When things become overly obvious, it is usually time for a change in market behavior.
3 Month, Daily - Aug. 12 - Bullish Trend maintains momentum to the upside. "Go with the Flow!"
1 Year, Daily - Aug. 11 - Price Action carries market beyond the 200 Day Moving Average which to many represents the defining line between a long term Bull and Bear Market.
2 Day, 10 min. - Aug. 11 - The mode today was defensive.
10 Day, 60 min. - Aug. 11 - Market losing some momentum but no big sell off as yet. Mild correction would appear underway. Price action consistent with resumption of bullish move.
3 Month, Daily - Bullish Trend dominates the picture. So far there are no technical weak spots to support an immediate pull back beyond short term.
Trade Page Aug. 10 - ADs. UVOL/DVOL, MACD, CCI, RSI can all contribute to trade decisions. Ovals synchronize time of entry in the above display.
2 Day, 10 min. - Aug. 10 - Double Bottom around 1:30 offered a signal for possible entry which would have been a profitable trade.
20 Day, 2 Hour - A picture of what "cannot go on forever."
3 Month, Daily - Aug. 10 - Bullish Trend dominates the picture. The market is very overbought and well overdue for a pull back.
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.
2 Day, 10 min. - Aug. 6 - A/Ds were bearish and mitigated against long positions in spite of good signals to enter the market (Gold Spots).
20 Day, 2 Hour - Aug. 6 - Bullish Trend remains intact. A break is likely to come and it may be sudden and dramatic. Defending your long positions is imperative.
3 Month, Daily - Aug. 6 - Technicals have yet to signal a turnaround. A sudden reversal may be all that you see.
20 Day, 2 Hour - Aug. 5 - No break in the trend as yet.
3 Month, Daily - Aug. 5 - There is nothing to explain this market other than emotional euphoria built on momentum. It would not be surprising to see a sharp correction at some point.
5 Day, 15 min. - Aug. 4 - Nothing seems to step in the way of this move. The market is way overbought and over extended. A correction of pause continues to be expected. "When" is the question.
20 Day, 60 min. - Aug. 4 - There should be a Flag run up a pole real soon.
3 Month, Daily - Even the bigger picture is dominated by this move of the last 3 weeks.
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