A reader brought to my attention the TICK divergences and new TICK high that gave a clearer picture that the Day’s structure was NOT going to be a Trend Day but that odds favored a Rounded Reversal well in advance of the Cradle Trade. Let’s zoom back inside Monday’s SPY 5-min and go under the…
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…
Trend Days are more common now than they used to, and so it’s a good idea to look for methods to be more profitable when they occur. Let’s look at how the TICK can be used to time entries into an established Trend Day. We could have suspected a Trend Day was forming early on,…