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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
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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Alex - Chart Freak2017-11-11 22:48:042017-11-11 22:51:3511-11-17 WEEKEND WRAP UPSO 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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Alex - Chart Freak2017-11-10 11:36:532017-11-10 11:36:53Nov 10th – Fried-day
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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Alex - Chart Freak2017-11-09 12:26:132017-11-09 12:26:13Nov 12th – Still No Change Here
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