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A Look at the 12 Most Recent Failed Sell Signals in the SP500

Bycjrosen

With today’s break to new highs both in the Dow and the S&P 500, I thought it would be interesting to take a look at the 12 most recently “failed” or “busted” sell signals in the S&P 500 to see if we can note a pattern.

Reference back to my prior post on “Recent Failed Short-Sale Signals and Short Squeezes in the SPY” and “If History Repeats, Will it Mean New High for SP500?” (answer “yes!”) for more perspective.

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Before Mourning Death of Dollar, Check Current Sentiment

Bycjrosen

I wanted to share an excerpt from an article from Elliott Wave International and analyst Nico Issac who wrote, “Before You Morn the Death of the Dollar, Check this Chart.” The following article is based on analysis from Robert Prechter’s Elliott Wave Theorist. For more insights from Robert Prechter, download the 75-page eBook Independent Investor…

Recent Failed Sell Signals and Short Squeezes in the SPY

Bycjrosen

I wanted to give an updated look at the recent post entitled “If History Repeats, Will it Mean New High for S&P 500?” As we see today, the answer is overwhelmingly “yes” as I suspected would be the case when I wrote that post on October 6th.

Let’s take an updated look now that ‘history has indeed repeated’ and also step inside the three most recent “short squeezes” on the SPY and S&P 500.

Starting with an updated look at the SPY Daily chart:

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More Divergences and Bollinger Band Trades on a Range Day

Bycjrosen

Like October 7th, Friday’s intraday trading action in the SPY or @ES futures gave us a range day, where the best trades came from ‘fading extremes,’ or particularly, in watching for tests of Bollinger Band extremes on TICK and/or momentum divergences. I described these tactics in a previous post “Bollinger Bands, Divergences, and Candles on Range Days.”