No tricks here .Just simple supply and demand using DIVERGENCES.
We are at a critical point here,either it break above reistance or market corrects to the downside targets. Since we have a divergence it mostly likely breaks to the downside.
A comparison of the SPY and the SPY 100 above 200 . According to historical divergences,the SPY has reached a top. .........no more soup for you(the bulls).
The SPY weekly trend is still BULLISH. I'll be watching the FISHER's next move to see if it DIVERGES from price.
Contrary to popular textbook definition, Head and Shoulder patterns do not have to be perfect. To me they are nothing more then a TRIPLE TOP or BOTTOM with a higher high or lower low accompanied (most of the time) by DIVERGENCES and the falling / rising of THE GREAT FISHER.
Profit taking and neutral on Google.Official short if W%R falls below midpoint
DIVERGENCE followed by price above all averages and W%R above mid point
One pattern I really like is the Head & Shoulder. Head & Shoulder patterns don't have to look humanoid.They can be deformed and slanted.You can have 2 heads and single shoulders and so on.Head & Shoulder also form on indicators sometime before it actually happens on price action.They sometimes appear on indicators but not on price.I call this the Ghostly Head &...
Simple DIVERGENCE and VOLUME FLOW trading. Spend more time fishing and less time analyzing with the Fisher Transform