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07/20/2024 Weekend Update
07/20/2024 Weekend Update
Down 1 week, the next week has 60% chances to close up.
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Re: 07/20/2024 Weekend Update
SPY daily.
Boom. Boom. Boom.
Three red candles in a row.
Scary? No, but it is uber bearish.
Down beneath the EMA 20.
The EMAs 20, 50 and 100 are in the right order.
EMA 20 is flat.
Sto down hard.
MACD and Histogram down hard.
Volume strong on the Three Bears.
It's a pullback. Good size. Enough to satisfy the decline? Not sure yet.
The last time price moved below the EMA 50 was in April and May. It has its eyes on it.
No worries for this day trader (and sometimes swing trader).
Have a good weekend.
Boom. Boom. Boom.
Three red candles in a row.
Scary? No, but it is uber bearish.
Down beneath the EMA 20.
The EMAs 20, 50 and 100 are in the right order.
EMA 20 is flat.
Sto down hard.
MACD and Histogram down hard.
Volume strong on the Three Bears.
It's a pullback. Good size. Enough to satisfy the decline? Not sure yet.
The last time price moved below the EMA 50 was in April and May. It has its eyes on it.
No worries for this day trader (and sometimes swing trader).
Have a good weekend.
Charts posted are not recommendations. They are just a sharing of information.
Re: 07/20/2024 Weekend Update
Thank you, Cobra and the Board.
The last candle in the following two VIX charts by Cobra looked ominous.
0.2.1 Trading Markets Setups - VIX
https://stockcharts.com/c-sc/sc?s=%24VI ... 9495&r=132
0.5.0 Volatility Index (Daily)
https://stockcharts.com/c-sc/sc?s=%24VI ... 9445&r=998
The last candle in the following two VIX charts by Cobra looked ominous.
0.2.1 Trading Markets Setups - VIX
https://stockcharts.com/c-sc/sc?s=%24VI ... 9495&r=132
0.5.0 Volatility Index (Daily)
https://stockcharts.com/c-sc/sc?s=%24VI ... 9445&r=998