Monthly Archives: April 2011
A 5 cent gap was left behind in SPY at the open of Tuesday, April 25, 2011. It is definitively a small gap, as it is shown on the daily chart below. Could this small gap trigger a short term correction? Have … Continue reading
In a February 15, 2011 post I gave a subjective probability measure for the S&P 500 reaching the 1,400 level before retracing to the 1,200 level. Since then the index dropped to a low of 1,249 but then rallied almost 100 points to close … Continue reading
Price Action Lab Special Easter Sale: Click here for details and to place your order
As of the close of Tuesday, April 19, 2011, an inside day pattern formed in SPY daily chart. An inside day formation occurs when the range of a bar falls within the range of the previous bar. The inside day pattern … Continue reading
Every trader should be aware that there is a formula that relates the win rate of a trading system, also known as percent profitability to some old-timers like me, to its profit factor and average win to average loss ratio, also known … Continue reading
Most stock market indices found support at their 30-day simple moving average on Thursday, April 14, 2011. This was also true for several ETFs, including DIA and QQQQ.