5 Day, 15 min. - Aug. 17 - Gap Down and Flat Sideways rest of Session.
20 Day, 2 Hr. - Aug. 17 - Market Bail Out to the Downside. Overbought conditions appears to give way to downside.
3 Month, Daily - Aug. 17 - Significant drop in market support call for caution as to follow through. Technicals point to lower but there are no guarantees.
1 Year, Weekly - 50 Day EMA crosses the 200 Day EMA to create a new long term Bull Potato. Potatoes are explained in the Sidebar.
The Two Charts below demonstrate the variant perspectives you may get when analyzing the same data in different time frame units. The First Chart shows the SPY 1 Day, 10 minute time frames over a 24 hour period of time. The Second Chart presents the same data on the SPY 1 Day, 333 Ticks. The latter depicts the price range and price change every 333 trades (Ticks) and is unrelated to the time of day or time within the session. The Visual effect conveys very different reactions to the facts as presented. The former could be seen as alarming while the second is calming and reassuring.
SPY 1 Day, 10 minute - Aug. 14
SPY 1 Day, 333 ticks - Aug. 14
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.
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