** Preparation for Closing Session **
MARKET CONDITIONS
SPY - Market is holding above the range in what appears to be a flag above the range. Market is in trend mode, so this flag is reliable. The first trend line up (smaller one) is a lower time frame trend and as long as it is respected, we have a momentum going up. If this trend line is broken, we are still up trending (because of the longer trend line), but we have lost the strong momentum up, suggesting a slower up move. Either way it is a bullish scenario. The only reason to change to a more bearish situation is if the market goes back inside the previous range below 160.00.
Bias: Bullish
Accuracy:
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Read this before using the information provided in this page:
1.Educational purpose material only. Use this information at your own risk. 2.Stocks may be added to the selection sheet at any time. They are used as a guide to select which stocks I will trade and set alerts . It does not mean that I follow all of them, that would be crazy.3.The Accuracy information is for my own use only. It is reviewed after I am done trading. This is just a way for me to measure how is my reading of the market and my confidence in it. I suggest you develop your own way to do this.4.The afternoon sheet will be updated between 13:00 and 14:00
1.Educational purpose material only. Use this information at your own risk. 2.Stocks may be added to the selection sheet at any time. They are used as a guide to select which stocks I will trade and set alerts . It does not mean that I follow all of them, that would be crazy.3.The Accuracy information is for my own use only. It is reviewed after I am done trading. This is just a way for me to measure how is my reading of the market and my confidence in it. I suggest you develop your own way to do this.4.The afternoon sheet will be updated between 13:00 and 14:00
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