Page 1 of 1

11/25/2017 Weekend Update

Posted: Fri Nov 24, 2017 2:58 pm
by Cobra
SPY hasn't touched its weekly ema20 for 54 weeks, this is a new record. the previous record was 47 weeks.

It tells me 2 things:
  • Usually after a long time no touch, the very first touch would be bought as people finally can buy at 20 week average price. So bulls should have no worry for now.
  • No one can have no touch of moving average forever, so SPY should owe us a pullback.

Re: 11/25/2017 Weekend Update

Posted: Fri Nov 24, 2017 3:00 pm
by Cobra
Statistics about SPY up 1 week. We can see 77% chances higher high ahead the next week, so good chances another all time high the next week at least.

Re: 11/25/2017 Weekend Update

Posted: Fri Nov 24, 2017 3:03 pm
by Cobra
Here's the latest strong stocks count:
viewtopic.php?f=10&t=2689

Re: 11/25/2017 Weekend Update

Posted: Sun Nov 26, 2017 6:45 pm
by fehro
VIX 1m/5m/daily/60m.. spike still there .. new ATL on VIX… takes out Oct 2006 lows of 8.63 someone got a super deal on insurance.. :roll: :lol: