Tag Archives: p-indicator

High Probability of a Short-term Top in the Market According to p-Indicator

As of yesterday’s close, p-indicator results for SPY and QQQ show a negative bias for targets in the 1% -3% range. The significance of the results is moderate to high. Share

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ETF Directional Probabilities for Friday, December 13, 2013

The directional probabilities of 12 popular ETFs according to p-indicator are shown. TLT has a large positive bias while USO and SLV have a large negative bias. Share

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High Probability of a Short-term Market Correction

A potential double top in SPY and an overbought QQQ increase the probability of a short-term correction towards a 38.2% Fibonacci retracement of the rally from the October lows. This scenario translates to a short-term decline of about 3% in … Continue reading

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Warning Signs Persist

New warning signs from advanced price action analysis based on past market behavior point to high probability for a continuation of the correction in stock prices from the top of last month. This may translate to a drop of  about … Continue reading

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Directional Day Trade Probabilities of Dow-30 Stocks

The directional probabilities of Dow-30 stocks are calculated using the p-indicator for entry at the open of today and exit at the close.  There are two long signals as of the close of yesterday that show long directional probability above the … Continue reading

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Directional Probabilities of S&P 100 Stocks

The directional probabilities of S&P 100 stocks are calculated using the p-indicator for both 2% profit target and stop-loss and for entry at the open and exit at the close.  There are two signals as of the close of last … Continue reading

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Detrended P-Indicator Results

The p-indicator first appeared in my book “Short-term Trading With Price Patterns” in 1999. It is an advanced indicator based on price patterns that comes in the form of an oscillator and it is a standard feature of Price Action … Continue reading

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ETF Directional Probabilities Point to a Market Correction

The directional probabilities of 12 popular ETFs were calculated using the p-indicator function of Price Action Lab. Four major ETFs, SPY, QQQ, DIA and IWM, show high significance for short positions with 2% target . Share

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