$SPY H&S Complete. MKT 'Arena' notes for tomorrow

19 thg 10, 2021

Hello Traders,

As you can see on the posted chart today we completed the Head & Shoulders Bottom.
I've written out the calculations to help teach you how to measure price target.

The following is a list of Bearish & Bullish indications going into tomorrow.

((Circle colors: Yellow = Bullish, White = Bearish))
Bearish:
-Head & Shoulders Bottom theoretically complete.
-Bearish volume to price divergence.
-Topping signal (my indicator).
-RSI overbought 1 of 2 RSI signal.
-DMI+ nosing downward (slight).
Bullish:
-Green last 4.5 sessions.
-Growing OBV (as expected).
-ADX nosing upward.
-DMI- nosing downward.

I hope everyone had a great day today!
Are you Bullish or Bearish going into tomorrow?

Cheers,
Mike

19 thg 10, 2021

Ghi chú

Sorry for the messiness. Was at least a LITTLE cleaner when I posted lol and now sometimes it's glitching blank?... Oh well. haha