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04/20/2024 Weekend Update
Posted: Fri Apr 19, 2024 4:54 pm
by Cobra
Down 3 weeks in a row, the next week has 56% chances to close up.
Down 3 weeks in a row, buy SPY at the weekly close, HOLD until the very first up week, you have 78% chances to make money with profit factor 2.6 which is not bad.
Re: 04/20/2024 Weekend Update
Posted: Fri Apr 19, 2024 8:05 pm
by koolblue
Interesting
Re: 04/20/2024 Weekend Update
Posted: Sat Apr 20, 2024 1:05 am
by tsf
Thank you, Cobra and koolblue.
These two great Cobra's charts also suggest a potential short-term bottom forming.
https://stockcharts.com/public/1684859/ ... /740575462
https://stockcharts.com/public/1684859/tenpp/6
0.9.H SPX Closed Too Low below BB
0.9.I NYMO Closed Below BB
Somehow, I could not attach Cobra's charts, so
Here is the NYSE's McClellan A-D Oscillator up further from Tuesday's very low reading.
https://s3.amazonaws.com/cdn2.socialtra ... qT58_l.png
GLTA
Re: 04/20/2024 Weekend Update
Posted: Sat Apr 20, 2024 1:06 pm
by koolblue
Re: 04/20/2024 Weekend Update
Posted: Sat Apr 20, 2024 8:41 pm
by tsf
Great chart and seasonality info. Thanks again, koolblue.