Buy and Sell Signals, Risk Analysis, Money Flow, Breadth, Momentum

Michael Pitre Author is a PRO memberHas Had Over 50 Followers Rank: 21 Followers: 65 Votes: 86 Years Member: 11 Last Update: 23 September 2016, 15:17 Categories: Market Timing
Trend Analysis
Swing Trading

etfmaintrends.com

Friday 9/23....The market internals chart is showing a solid attempt to turn higher now....this is encouraging. But the market needs to take out the 2193 high soon or it will pull back again. There is a lot of volume by price to contend with as the market went sideways for a long time but there is not far to travel now to clear to a new high. Keep an eye on the Risk Chart for resistance and the SPX daily chart also for support/resistance..both on page one.

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As long as this upward sloping bullish channel holds the market is in good shape.

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A Daily Chart of the major 'risk on' indexes.

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Key Chart For Volume Analysis...This chart gives a good understanding of what internals look like from the up volume vs the down volume...has done well big picture

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Market Sentiment With RSI 5 For VIX...RSI 5 got oversold for VIX and Sto for VIX has turned higher.

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Market Breadth Trying To Turn Higher...Breadth has not been strong enough to get the market through the layers upon layers of resistance.

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Here we try to see where the support and resistance is.

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