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During the past week the S&P500 lost support of its EMA 21. We got a weak Spike Bounce signal on Tuesday (see dashed vertical W line below), followed by a V2 trigger on Wednesday, and closed the abbreviated week below the low of the V2 trigger bar and the -1 ATR. The Impulse is red on the weekly and daily bars.
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The weekly timeframe of the CNN Fear & Greed index is the component of the FGIC that best tracks the medium-term cyclical pattern of fear and greed.
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FGIC has now broken above its –8 level, leaving the extreme fear zone for the first time since mid-February.
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As often happens during the deepest corrections, we had a series of Spike Bounce signals: three strong ones in 15 trading days.
One of the most popular features of SpikeTrade is the Password course. Each session focuses on a key trading technique. Alex and Kerry take turns teaching Password classes for Members. Our latest class – ATR Pullback Tactic – was taught by Kerry, details below.Access to this recording normally costs $50 – but you can view it free until March 17, 2022 with a deeply discounted membership.
We’re happy to announce that the recording of our latest Password class, taught by Kerry, is now in Video Vault.To view this recording and its PDF please click on the Education tab – click on Video Vault – click on Password folder. Free access for all Members (including Trials) until March 17, 2021. Please see details below…
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Last week saw the second strong Spike Bounce (SB) signal in two weeks. During declines, Spike Bounce signals often appear in clusters. FGIC helps differentiate between SB signals that represent a short-lived reaction rally and those that fuel an upside reversal.
One of the most popular features of SpikeTrade is the Password course. Each session focuses on a key trading technique. Alex and Kerry take turns teaching Password classes for Members. Our latest class – ATR Pullback Tactic – was taught by Kerry, details below.Access to this recording normally costs $50 – but you can view it free until March 17, 2022 with a deeply discounted membership.
We’re happy to announce that the recording of our latest Password class, taught by Kerry, is now in Video Vault.To view this recording and its PDF please click on the Education tab – click on Video Vault – click on Password folder. Free access for all Members (including Trials) until March 17, 2021. Please see details below…