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08/24/2024 Weekend Update
08/24/2024 Weekend Update
Up 3 weeks in a row, the next week has 54% chances to close up, 81% chances to make a higher high.
So, more up.
So, more up.
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Re: 08/24/2024 Weekend Update
SPY daily.
Inside, bullish candle.
Strong move up since August 5.
EMAs 20, 50, 100 up, and in the correct order.
Sto topped out, after the move up.
MACD bullish.
The move up has slowed down.
The top is just above.
Eyes on the top.
Inside, bullish candle.
Strong move up since August 5.
EMAs 20, 50, 100 up, and in the correct order.
Sto topped out, after the move up.
MACD bullish.
The move up has slowed down.
The top is just above.
Eyes on the top.
Charts posted are not recommendations. They are just a sharing of information.
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BullBear52x
- Posts: 29873
- Joined: Tue Feb 22, 2011 3:47 pm
Re: 08/24/2024 Weekend Update
From " It is what it is department" this week the question will be " Will the sell signals fails?" Buy/Sell until it fails.no bias, either follow the signal or stay out.
Daily setup: sell, a closed above recent high will stop out this setup.
Swing setup: sell, new box, make or break.
Intraday: insiday on Friday, anything goes, a trade above 61.8% is bullish bias. keep it simple. Peace!
Daily setup: sell, a closed above recent high will stop out this setup.
My comments are for entertainment/educational purpose only. NOT a trade advice.
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BullBear52x
- Posts: 29873
- Joined: Tue Feb 22, 2011 3:47 pm
Re: 08/24/2024 Weekend Update
Put/Call ratio back up >1 again, so, it's not as bullish and FOMO anymore from compacent level.
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My comments are for entertainment/educational purpose only. NOT a trade advice.