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Measured Move ABCD Example in Mar 10 SPY Intraday

I love highlighting Measured Move Patterns (very similar to flags) in the markets due to the price pattern symmetry and structure - each one serves as a great educational reference of this not-so-common pattern. Fewer people know what an AB=CD pattern is than do a bull or bear flag - though the two patterns are similar

February ETF Update: Biggest ETF Gainer In Last Month: SPY

We have closely tracked the Q4 bank influx into the SPY ETF, which on ever declining volume breadth has become the one most dominant market determining factor, on both a push and a pull basis.

Looking Back and Forward on the SP500 Slow Creeper Trend

Today showed another example of the theme I’ve been highlighting - literally - on the blog, showing multi-day rallies in the S&P 500.  Today confirms that we are in yet another ‘highlighted zone’ as has been the cycle of the past. Let’s take a look at these regions, the present chart, and what to expect going forward

Has Goldman Called The Market Top: GS Sells $3.1 Million Leveraged Index-Linked Notes Referenced To 1123.7 On The S&P

Either Goldman is desperate to raise $3.1 million (it's not), or the firm is offering investors a 300% leveraged surefire way to make money in a rising market via an investment in Leveraged Index-Linked (interest-free) Notes due 2011 .

Market Internals Warn of Sudden Reversal SPY Mar 3

Yet again, we’re seeing a situation where we have a multi-day decline in the three-key market internals when compared with the price of the S&P 500 or SPY ETF. That sets up a major non-confirmation and increases that odds that we’ll see a price reversal/retracement to test lower levels, barring any unforeseen bullish news here. We’re seeing the 5-min SPY (or SPX or @ES) chart when compared with Breadth, TICK, and Volume Differential.

Is the SPY Repeating the Exact Same Pattern from Yesterday?

That’s a question I’ve been highlighting frequently, with the type of day structure repeating, almost forming a script. What’s interesting is that - as of 1:00 EST - I can highlight the direct comparisons so far in today’s trading that are identical in everything but price to yesterday’s morning action.

A MidDay Check on Divergent Market Internals SPY March 1

Let’s take an afternoon look at the ‘popped stops’ rally of March 1st, which shows divergences in Breadth and TICK - both important non-confirmations going forward. SPY 5-min Mar 1: First, let me state that divergences in internals do not guarantee reversals, but they signal non-confirmations of price highs which serve as ‘caution lights’ or warning signals to take bullish profits and be on the alert for any weakness. That being said, we’re looking at the SPY (could be the SP 500 Index or @ES Futures - the picture would be identical) on the intraday frame.

Dual Intraday Divergences and the Reversals that Follow Feb 26

Following up from my previous webinar on trading intraday ‘dual’ divergences (TICK and Momentum), I wanted to show the most recent example in the SPY intraday with regards to the negative divergences that resolved in a downward swipe today, which serves as an excellent example of the concept. This is the SPY 3-min chart (compromise to make the candle bars look cleaner) showing the 3/10 Oscillator and the NYSE TICK

Market Follows Script Again with Failure to Fall and Popped Stops

I’ve been asking the question, rhetorically, “ How many times will the market repeat the same pattern ,” (see prior post for previous examples) and the answer is “at least one more time… today.” What pattern is that?  And how can knowing the pattern help your trading?  Let’s take a look. I described the pattern previously as: Morning Weakness Morning Rally into 20/50 EMA confluence Break Through EMA confluence SHARP rally higher into new highs of session 5-wave Fractal into Negative TICK/Momentum Divergences Sell-off/weakness into close The only difference today was that - though we did see negative divergences - price rallied into the close. Everything else was following the script of the prior pattern

Today’s Pair Trade Of Consideration: Short SPY, Long EURJPY

We have long observed the recent tendency for the EURJPY to track the SPY almost identically on an intraday basis. Today, this relationship is no exception