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11/25/2017 Weekend Update

PostPosted: 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

PostPosted: 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

PostPosted: 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

PostPosted: 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: