Tag Archives: outside day

Outside Day of an Inside Day in SPY

As of the close of Friday, November 30, 2012, an inside day formed in daily SPY data. Due to yesterday’s price action the inside day pattern of last week is now “inside” a daily bar. I call this pattern an “outside day of an … Continue reading

Posted in ETF Analysis, Price Action Lab Patterns, Technical Analysis | Tagged , , | Comments Off

Outside Day Upside Breakout in QQQ

After a rare formation of two consecutive outside days, an upside breakout followed in QQQ. The resulting outside day upside breakout pattern has been historically a short signal for profit targets in the 3% range but with a low winning bias. Share

Posted in ETF Analysis, Price Action Lab Patterns | Tagged , , | Comments Off

Rare Patterns of Two Consecutive Outside Days in SPY and QQQ

These patterns are indeed extremely rare. They have formed after some other recent rare patterns. Maybe it is because this is a rare time period. Share

Posted in ETF Analysis, Price Action Lab Patterns | Tagged , , , | Comments Off

SPY Outside Day Breakouts Are Usually Followed by a Rebound

Yesterday there was an outside day breakout in SPY. The breakout was to the downside but historically this chart pattern is usually followed by a rebound to the upside. Share

Posted in ETF Analysis, Price Action Lab Patterns | Tagged , , | Comments Off

QQQ and SPY: Inside Day Pattern After an Outside Day Pattern

As of the close of Wednesday, October 19, 2011, in both QQQ and SPY daily charts there is an inside day pattern formed following an ouside day pattern. Both patterns in succession show that market participants are cautious and undecided about future market direction. … Continue reading

Posted in ETF Analysis, Price Action Lab Patterns | Tagged , , , , | Comments Off