Three Push and TICK Divergences Signal Likely Intraday Top
I wanted to give a quick mid-day update on the current SPY structure (that of a possible rounded reversal that has formed a lengthy momentum and internal divergence). Let’s take a look:
Another Triple Swing Negative TICK and Momentum Divergence
Today (August 4th) gave us yet another powerful example of the “Three Push” Reversal trade in the SPY and @ES futures which was confirmed with a ‘three push’ divergence both in the momentum oscillator and more importantly in the TICK. Let’s take a look.
Warning Signals Sent by Gold Before Breakdown
I’ve heard on television all day about the “surprise” breakdown in gold prices over the last two days. Let’s take a look at one of the classic signals gold prices sent ahead of the down move this week, as well as learn a lesson on momentum.
The Harley HOG Breakout July 16
Many traders might be missing the recent breakout in motorcycle retailer Harley Davidson (HOG). Let’s take a look at Harley Davidson’s chart past and see the recent price breakout which resembles a flag formation.
Three Push and TICK Divergence Form Intraday Low July 6
In yet another example of how an intraday low in the SPY (and other major market ETFs) are formed either on distinct momentum or TICK divergences (or both!), the intraday price action of SPY gives us yet another crystal clear example of this trading opportunity. Let’s learn from it.
Lessons from Goldman Sachs GS Daily Chart
Goldman Sachs (GS) is coming into Fibonacci resistance on a negative momentum divergence. Let’s look at this current development as well as learn a few lessons – such as a clear “Three Push” example – on its daily chart. (Click for larger image) First, let’s look at the “Three Push Reversal” pattern that formed on…
Three Push and Cradle on SPY Intraday Apr 23
I wanted to highlight the Three Push Reversal Pattern which led to the Cradle Trade on today’s intraday SPY chart. Let’s see these trade set-ups! I’ve done something a little special for you in tonight’s post. I get a lot of questions about my “3/10 Oscillator” I use so I wanted to show you how…
Intraday Elliott Wave and Flags in SPY Apr 21
I wanted to point out a 5-wave Elliott structure and two bull flags that offered trading opportunities in today’s (April 21, 2009) intraday SPY structure. We started the day with a medium overnight gap which was quickly filled (small to medium gaps have greater odds of filling than large gaps), so that should have been…
Intraday Highs formed on TICK Divergence and Three Push
Earlier this afternoon, I updated Twitter followers to the Triple-Swing Negative TICK divergence that set-up into the noon highs and a few people requested that I show that on a chart. This post reflects the intraday action of April 2nd which shows a three-swing negative TICK divergence, three push pattern, and interesting Elliott Wave structure…
Intraday Tactics for St Patrick’s Day 09
The market was supposed to go down today, wasn’t it?! I sure felt that way but price – after all – is king. Let’s step inside March 17 ’09 to see the “Idealized” Intraday Trades of the day. I even included a money shamrock to spice up the chart today. The bias was – for…