timwest

Glaz & Chris Moody's Gann Swing on SPY, IWM, GLD, TLT

AMEX:SPY   SPDR S&P 500
406 5 4
Very interesting levels that the markets have returned to:

1. SPY             is back up to the resistance.
2. IWM             moved through the resistance on Thursday and turned into a buy signal. IWM             moved down first and led the SPY             decline.
3. GLD             is holding the uptrend after pulling back to retest.
4. TLT             is back to its rising support and stop. So close to a new signal here.

Tim 9:13AM Monday, October 20, 2014
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I'll add two more markets...
snapshot
+1 Reply
"2. IWM moved through the resistance on Thursday and turned into a buy signal. IWM moved down first and led the SPY decline."

This statement reads like you are expecting SPY to follow the IWM to the upside.
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timwest PRO Futuraman
Ok. Thanks for clarifying. I do see the SPY turning up to catch the IWM at some point, but not sure when. It is interesting that so many markets are at their stop levels on these recent trends.
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I don't see a buy signal on SPY. Evening star doji portends a reversal 70% of the time.
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timwest PRO Futuraman
What would you suggest? I don't understand your reply. SPY is in a sell signal still. Buy?
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