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Hello SpikeTraders,The rally, signaled by the Spike Bounce as well as V-triggers, continues to move higher. Let’s put our fingers on its pulse and see how strongly it beats…
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Hello SpikeTraders,I headlined my NHNL post after last Wednesday’s rally “Spike Bounce starts to behave” – but the rally didn’t last. On Thursday of the four-day week the market opened higher and took out Wednesday’s high – only to collapse and close slightly below Wednesday’s low.Well, we have a whole new fresh week ahead of us; let’s examine our charts…
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Congratulations to Spiker Rich N in Canada – he went into a coal mine and brought up a weekly Gold.
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Hello SpikeTraders,Yesterday, Tuesday, was a truly odd day. It started with a rally and a Spike Bounce signal. Then it turned and ended with monthly NHNL below –300, and had the number stayed below that level today, Spike Bounce would have been aborted. But today normalcy seemed to return. Let’s take a look at our charts…
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Congratulations to Spiker Nikolas D in Greece on taking Gold in the latest weekly round of our friendly Olympics. His trade report includes an interesting passage about his entry technique.
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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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Mark D, a long-term Member in Alabama, shows how to implement several tools popular in SpikeTrade into Ameritrade’s Think or Swim.
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Hello SpikeTraders,The US market had traced multiple bullish divergences between its January 24 and February 24 lows, which we documented repeatedly here. The rally that emerged from the final test of the bottom on March 15 proceeded very smoothly – until last week. There was a very aggressive peak on Tuesday (see the Cap-NHNL chart below), bad drops on Wednesday and especially Thursday, but then the market stabilized on Friday.Let’s review our latest charts …
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Hello SpikeTraders, Shown below is the organizers’ tweet.
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Congratulations to Spiker Lou C in Canada on winning the first Gold of Q2-2022. In his report he mentions his second trade in the same stock.