$SPX So if today was the trading cycle low let’s discuss what that means.
1) Average trading cycle is 30-40 days from low to low
2) We are in a bear market so next low will likely be Lower.
3)The key is now price and time from whence to reload.
4)Faster peak is very bearish! pic.twitter.com/vW37BrXukq— Edward Dowd (@DowdEdward) December 27, 2018
https://twitter.com/GlobalProTrader/status/1078018127634620416
https://twitter.com/OccupyWisdom/status/1078166082056265728
The S&P 500 has gone 6 sessions with 0% of its members hitting a 52-week high and more than 10% of them hitting a 52-week low (even yesterday).
Since 1990, that has happened twice before: July 24, 2002 and October 28, 2008. (h/t @DRBCurtis) pic.twitter.com/iWh9JTzc6Q
— SentimenTrader (@sentimentrader) December 27, 2018
https://twitter.com/OccupyWisdom/status/1078184384920981504
Got a news tip or correction? Let us know
If you got something out of this, please chip in to keep this site running, or subscribe to go ad-free.
2 views