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IWM Starting to Rally Again
IWM is also experiencing this alternating pattern of green and red days. On Friday IWM experienced a large spike up, and started to rally again. However, today IWM is trending for a red day. If the pattern continues we are likely to see more upside for IWM tomorrow. I like what I’m seeing with IWM, […]Read More
NASDAQ is Bearish with Alternating Days
The NASDAQ is also experiencing alternating days, and QQQ is looking bearish relative to SPY. QQQ is trading way below the previous all time highs, whereas SPY is trading near all time highs. The price action for QQQ has been neutral and bearish while SPY continues to trend up higher. There is a pattern of […]Read More
SPY Trending Up with Alternating Days
The S&P has continued to trend up, and is alternating between green and red days. Today is trending for a red day, and if this trend continues tomorrow we can see some green. SPY is trading near the previous all time highs around $565, I’m comfortable starting to build a short position around $565 and […]Read More