Posts Tagged ‘trend regression channel’

Intraday update

For a free subscription to Phil’s Stock World, click here (it’s easy, no credit card required)

Intraday update

Courtesy of Allan

 
update on SPX chart
[click on chart for larger view]
 
Above chart is a Daily SPX showing rally up from early March lows and embedded with the Blue Wave Trend Signals. What I see is a new Blue Wave Sell Signal today at 920.49 together with prices just barely breaking the three-month long Trend Regression Channel up from those March lows.

We are coming up onto the final 120 minutes of trading for Tuesday. As I mentioned before, there has been significant buying coming into the market late in the trading days supporting prices. The market is just now popping off of today’s lows, so maybe it is beginning early today.

But, if this phenomenon does not materialize and/or prices cleanly break below the three-month long trend regression channel, look out below.


Tags: , ,




 





About Phil:

Philip R. Davis is a founder Phil's Stock World, a stock and options trading site that teaches the art of options trading to newcomers and devises advanced strategies for expert traders...

Learn more About Phil >>


As Seen On:




About Ilene:

Ilene is editor and affiliate program coordinator for PSW. Contact Ilene to learn about our affiliate and content sharing programs.