Market Update Into 2/18 (Presidents’ Day): The Grind Higher Continues
Happy Presidents Day! A prepared trader is generally a profitable trader, and long weekends can be the best time to study up for the coming week ahead. In this weekend’s analysis, we focus on the brand new features now available and take a quick look at the broad market ETFs in our video update.
$SPY, $QQQ, and $USO Weekend Update
Weekend Analysis Into February 11th
Thursday Analysis of $USO
$SPY: Before vs. After
This weekend’s “Before and After” shows $SPY curling down on the 10-minute candle after the lower indicators were showing signs of a reversal to the downside. After the %R started moving down (typically the first to signal), the others followed and price action took a hard hit with a hard bounce off the green trendline support below. To learn more about the system and how some of these lower indicators theoretically work, click here and watch our demo with Dan from Bullish Bears in late January.
Timestamps Captured This Week