Get started
SLOPolarBear

Watch for another double-bottom in the next two days

SPDR S&P 500 ETF TRUST (AMEX:SPY)  
SLOPolarBear Updated   
AMEX:SPY   SPDR S&P 500 ETF TRUST
Chart Patterns Trend Analysis Technical Indicators SPX (S&P 500 Index) S&P 500 (SPX500) SPDR S&P 500 ETF (SPY) ES es! VIX CBOE Volatility Index
12
5
chartpattern trendanalysis indicator spx spx500 spy es es! vix
Sellers are backing off slowly. They could easily ramp up again tomorrow - volume for the first day of the week is consistent with the last two weeks. I'm expecting more red to follow. Considering opening a long position here if the signals are strong and we get a nice bounce. If price action lingers at that double-bottom watch for a quick break below. Everything I see suggests some strong ranging action over the next few days.
Comment:
Ranging! I'm sidelined with cash until we get a break in one direction or another.
Comment:
Waiting patiently for a pattern to emerge:
snapshot
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.