No registration required! (Why?)

Deja vu?

The beginning of the end, or the end of correction?

I was scouring for past charts where SPY/ES behaved similar to what we are seeing now, and here's the closest match that I came up with:

SPY around Feb/07:

SPY today:
Click image for original size
spypossible reversal

commonalities of current SPY with feb/07:
- 6months run-up prior
- broke below 50d MA/EMA but stayed above 200SMA during the correction
- initial move, followed by a few days of retrace that stayed below 50dMA
- high volume hammer reversal

I recognize that I am building up a bullish bias here, which is why I seek some more objective feedback and comments from all......
and i thought i was the only bull out there. only time will tell.
Emini Day Trading / Daily Notes / Forecast / Economic Events / Trading Indicators / Search / Terms and Conditions / Disclaimer / Books / Online Books / Site Map / Contact / Privacy Policy / Links / About / Day Trading Forum / Investment Calculators / Pivot Point Calculator / Market Profile Generator / Fibonacci Calculator / Mailing List / Advertise Here / Articles / Financial Terms / Brokers / Software / Holidays / Stock Split Calendar / Features / Mortgage Calculator / User Pages / Donate

Copyright © 2004-2018, MyPivots. All rights reserved.