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Like to read more of my commentaries? Please subscribe my Daily Market Report. Subscribers can find all the members only posts HERE. StockCharts members, please vote for me HERE, thanks.
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Yesterday QQQ and SPY had a KEY REVERSAL DAY
“The pattern is supposed to act as a reversal of the uptrend. However, testing shows that 51% actually continue higher” http://thepatternsite.com/KRU.html
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
stealthy cyan H&S SPX 60m (left chart) .. not sure… VIXes and bonds near HOD, /CL rolls over.. indexes may follow suit… INDU still trying to make it look all pretty
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On spy and qqq, just as breadth was not that weak when price was at the intraday low, breadth is not that much better now that price is close to (spy) or near (qqq) the intraday high.
Last edited by Daniel on Fri Jul 28, 2017 2:25 pm, edited 2 times in total.