ThetaFire
McClellan Oscillator showed the SPY digest through time rather than price. Notice the past 5 trading sessions. PSX – Closed over volume resistance inside of this rising channel. Volume signature is expanding. CME – Closed just above recent highs on a little over average volume. Watching for a follow through. …
SPY is testing the top of the channel and the upper Bollinger band. McClellan Oscillator is at an extreme overbought level. TLT is retesting breakout levels and the golden cross. Watching a few more setups for the rest of the week: AVB – Worked off overbought levels quickly & maintained …
Longs: CHTR – Daily – Bullish stochastic divergence. Nice looking bull flag & digestion pattern on lighter volume. CHTR – Weekly – Bull …
About an equal number of long setups vs short setups this week. As much as I believe the market is in a …
30 year treasuries are building a base inside of an ascending triangle on the 60 minute chart. Breakout or failure of this …
Fourteen days in a row & the SPX continues to alternate red & green, if the pattern continues tomorrow will close red, …
SPX took out the record closing high on Friday and the last line of resistance is the intraday all time highs at 1576.09. …
Wanted to do a quick review of last weeks setups that worked and share my thought process. LONGS V – Easily my biggest …
I scanned 3,000 stocks this weekend and for the first time this year the bearish setups outweighed the bullish. Didn’t find a lot …
TLT started consolidating this week and will likely break lower from this bear flag if/when the SPX runs higher. I am thinking …