11-11-17 WEEKEND WRAP UP

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This weekend we'll discuss how the markets behaved last week, and at the end of the report, I want to also touch on daily cycle strength. Visuals may  help things to stick in our minds thumbs up emoticon

 

SPX - When looking at past  ICLs ( deeper meaningful lows), we can see that the dips have not been as deep as they used to be. This is showing the markets strength over the past year. I now can draw a middle line as recent support. Please excuse the type on the chart 🙂  We do look due for a dip down sooner than later though, don't we?

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Nov 10th – Fried-day

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SO MUCH TO WRITE ABOUT, SO LITTLE TIME.  Today is Friday, the last trading day of the week, so a quick review and a discussion on a few trade ideas...

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3 SPX  CHARTS

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SPX#1  - Thursday saw the Markets gap down, sell off, and then start to recover, so we get another 'buy the dip' reversal, however ...

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Nov 12th – Still No Change Here

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SPX -  'No Change' from yesterdays report. Just keep riding it until a trailing stop takes you out. This can keep riding the upper line higher for a while too.

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