Dear Trader,One of the membership benefits in SpikeTrade is the Password course, with classes taught by Alex and Kerry. It is free for Members, but also open to non-Members for a nominal fee.You are invited to the 57th session of our online Password course, which Dr Alexander Elder will teach on Thursday, September 8, 2022 at 6pm ET:***** Decision-making: a fox and a hedgehog *****"A fox knows many things, but a hedgehog knows one big thing." Dr Elder will explain how this classic thought applies to your development as a trader, with specific charting and trading examples.As always, the recording of this class will include a PDF of the presentation. Your purchase will give you access to the live event, and you will receive its recording and PDF.To see how to get a link to join the course please click below …
.png)
Hello SpikeTrader,One of your membership benefits is our Password course – classes taught by Alex and Kerry. Each session cost $50 for outsiders, but free for our yearly and monthly Members. A recording of this class will be posted several days after the event – free access for a week.You’re invited to the next session of SpikeTrade Password course: Thursday, September 8, 2022 at 6pm ET – 57th session of our Password Course, taught by Alex:***** Decision-making: a fox and a hedgehog *****"A fox knows many things, but a hedgehog knows one big thing." Alex will explain how this classic thought applies to your development as a trader, with specific charting and trading examples.As always, the recording of this class will include a PDF of the presentation.To receive a link to join the course please click below…
.png)
S&P500 hit resistance in recent weeks at the SMA 200 and the weekly +1 ATR, a level that has not been breached by the index since the beginning of the bear market. S&P500 is down more than 9 percent from the top of its summer rally.
Hello SpikeTrader,One of your membership benefits is our Password course – classes taught by Alex and Kerry. Each session cost $50 for outsiders, but free for our yearly and monthly Members. A recording of this class will be posted several days after the event – free access for a week.You’re invited to the next session of SpikeTrade Password course: Thursday, September 8, 2022 at 6pm ET – 57th session of our Password Course, taught by Alex:***** Decision-making: a fox and a hedgehog *****"A fox knows many things, but a hedgehog knows one big thing." Alex will explain how this classic thought applies to your development as a trader, with specific charting and trading examples.As always, the recording of this class will include a PDF of the presentation.To receive a link to join the course please click below…
.png)
Dear Trader,One of the membership benefits in SpikeTrade is the Password course, with classes taught by Alex and Kerry. It is free for Members, but also open to non-Members for a nominal fee.You are invited to the 57th session of our online Password course, which Dr Alexander Elder will teach on Thursday, September 8, 2022 at 6pm ET:***** Decision-making: a fox and a hedgehog *****"A fox knows many things, but a hedgehog knows one big thing." Dr Elder will explain how this classic thought applies to your development as a trader, with specific charting and trading examples.As always, the recording of this class will include a PDF of the presentation. Your purchase will give you access to the live event, and you will receive its recording and PDF.To see how to get a link to join the course please click below …
Hello SpikeTrader,One of your membership benefits is our Password course – classes taught by Alex and Kerry. Each session cost $50 for outsiders, but free for our yearly and monthly Members. A recording of this class will be posted several days after the event – free access for a week.You’re invited to the next session of SpikeTrade Password course: Thursday, September 8, 2022 at 6pm ET – 57th session of our Password Course, taught by Alex:***** Decision-making: a fox and a hedgehog *****"A fox knows many things, but a hedgehog knows one big thing." Alex will explain how this classic thought applies to your development as a trader, with specific charting and trading examples.As always, the recording of this class will include a PDF of the presentation.To receive a link to join the course please click below…
.png)
Support and resistance change places. The upper edge of the congestion zone that stopped the S&P500 declines in October 2021 and again in 2022 has now halted the summer rally.
.png)
Mark your calendar – SpikeTrade Members will have a working meeting and dinner in central London. Members visiting UK are welcome to participate.
.png)
Last week I emphasized that the S&P500 was approaching an important congestion zone, formed by several powerful components. The S&P500, already significantly overbought at +3ATR, was crossing the zone between 4200-4300 that had stopped the decline between October 2021 and May 2022 and that now works as strong resistance. Only a few ticks above this range lay the SMA 200, an indicator widely followed by traders and considered a watershed between bull and bear markets. In the midst of the resistance zone (at the 4260 level), lies the 78.6 percent of the Fibonacci retracement, calculated from the lows of the Covid selloff. Tuesday’s false breakout, which failed just 1 tick below the SMA 200, triggered the correction, which, for now, has the characteristics of a normal correction in an overbought situation.
.png)
On Friday, the daily S&P500 closed just ticks below its +3 ATR and at the upper edge of former support zone between October 2021 and April 2022, that is now acting as a resistance area. A pullback to value would not be unexpected.