Al_Dente wrote:rhight wrote:Dow Trader wrote:How about tis pattern
A
A bearish rising wedge or a bullish rounded bottom, take your pick. TRIN at 1.9 may favor a bearish resolution at this point.
RHIGHT: Yr charts ALWAYS revealing, never a “quick-and-dirty” read
Yest u posted materials/staples chart …… maybe…..brilliant.…not sure …
I had big computer SNAFU yest, came back up, lost yr chart
please re-post materials:staples ratio along w yr comments??
Thank you. How's that saying go? Ah yes, "Success is 10% inspiration, and 90% perspiration."
Here is that chart with a couple notes. The subject to study is sector analysis, something I don't really do. This is just a thumbnail reference to be considered with many other factors to keep on the right side of the trend. My preferred trend to trade is the intermediate (3 week to 3 month), using Weekly, Daily, and 60 min time frames. The last few weeks have required an up shift to Daily, 60 min, and 15 min charts, attempting to hold for... what? 3 days maybe. Hopefully I'm on board when the next real trend begins.
Swing to Intermediate SPX Analysis - multiple time frame - Daily & 60 min time and price cycle analysis.
Usually trade SSO / SDS