Reply To: Technical Index Trading & Analysis

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#3192
RS2OOO
Keymaster

SPY up at least 3 days in a row, lower volume each day forming price-volume negative divergence.

Shorting today’s close would deliver a profit within 6 days based on the last 17 of 23 occasions.

Strong close on FTSE – this morning may have been the ideal swing long entry. Again, difficult to call and probably a swing trade I’ll end up missing or being too late with. That original attempt from 6823 would be looking safe right now, but to have held onto that trade over the last fortnight would have been frustrating and difficult. To think even this morning it would have been underwater.