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Trend table status

Trend

SP-500

R2000

COMPX

Primary

Up 7/31/20

?- 3/31/20

Up 5/29/20

Intermediate

Up 10/2/20

Up 8/21/20

Up 10/9/20

Sub-Intermediate

Up 1/20/21

Up 1/7/21

Up 1/19/21

Short term

Up 12/28/20

Up 1/6/21

Up 12/22/20

Don Worden of Worden Brothers (makers of Telechart software) used to keep a trend table before his health issues got in the way. I always found it useful. Mine is slightly different. Hopefully helpful. Up? or Dn? means loss of momentum. ? by itself means trend is neutral. ?+ or ?- means trend is neutral with bias of up(+) or down (-)

Wednesday, April 18, 2012

SPY 60 min

The SPY 60 min chart was pretty interesting today.  Take a peak at how the closes of all the bars were relatively close together.  The candlesticks have tails in both directions.  We clearly have support and resistance pretty close together.  The break out of this pattern should be a good move.  The news has been driving the market lately, so that may determine which way this ends up breaking.


Bob
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The information in this blog is provided for educational purposes only and is not to be construed as investment advice.