Jump to content



Photo

SPY - up, up, up...


  • Please log in to reply
No replies to this topic

#1 diogenes227

diogenes227

    Member

  • TT Patron+
  • 5,120 posts

Posted 01 April 2019 - 08:01 AM

From the link:

 

 

These are signals that repeat again and again in the market.

 

First, a low above a low pattern on the short-term breadth, measured by the McClellan Oscillator (the NYMO, see the green circles on the chart below), then an upturn in long-term breadth, measured by the McClellan Summation index (the NYSI, see the green vertical line on the chart for Friday), followed by a a follow-through in price (which appears to happening in the futures for Monday).

 

For more and the chart:

 

UP, UP, UP...

 


"If you've heard this story before, don't stop me because I'd like to hear it again," Groucho Marx (on market history?).

“I've learned in options trading simple is best and the obvious is often the most elusive to recognize.”

 

"The god of trading rewards persistence, experience and discipline, and absolutely nothing else."