7-Apr

Spike Bounce still in its Neutral mode

Hello SpikeTraders,This is not the headline I expected to write today. Closely watching and trading the market all day, I saw New Lows exceed New Highs by more than 500 in the one-month window for most of the day. Had the market closed that way, we’d announce that Spike Bounce went on Standby, turning our traffic light yellow. But the New Highs ballooned into the close and NHNL ended the day above its – 500 level, denying us a Spike Bounce signal.Let’s take a look at our charts …

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