Is It A Bull Trap?
Caught in a bull trap? — and 2 day’s later update! — Oh, for the days when I was complaining that the market was boring! This one keeps throwing up surprises and not usually very
March 19, 2023
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Caught in a bull trap? — and 2 day’s later update! — Oh, for the days when I was complaining that the market was boring! This one keeps throwing up surprises and not usually very
Some Bulls, Some Bears Well, the last 2 days have been interesting – both positive green candles with small shadows showing conviction among traders. Notice how the 200 SMA is pulling away from the trend
ITM Update: SPY and SPYG Well, a very disappointing week, although not unexpected. Last week we saw that both SPY and SPYG, were in a consolidation phase, and we were watching for a range breakout.
A Nothing Burger? After going up steadily in January, February has been a bit of a disappointment. After making new highs on Feb 1st and 2nd, it has been trading sideways within the trading range
Is it a new bull market? Well, the ITM signal got us back into the market on January 26th, and so far it has been right if not exactly spectacular. In the six trading days
The start of a new bull market? ITM Special Update We have had the signal – the 10/200 golden cross. It’s debatable whether there is enough whitespace between the SMAs (see the arrow) but there
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