Tag Archives: price patterns

A Not So Bullish Pattern in SPY

Yesterday SPY closed higher than 4 days ago forming a V-shaped pattern of closes, two lower closes followed by two higher ones. This pattern is immediately evident to anyone who looks at a chart of daily SPY prices. In this … Continue reading

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

SPY Pattern Indicates High Probability for a Continuation of the Rally

As the title indicates, in this blog we are dealing with probabilities and not with any indubitable rules.  In the markets, there are no such rules, at least not any that I know of, and only those who can properly calculate probabilities within … Continue reading

Posted in Price Action Lab Patterns, Risk Management | Tagged , , , | Comments Off

Price Action Lab Alert – QQQ Short Pattern Profit Target Hit

The target of the QQQ pattern in yesterday’s alert was hit today. Share

Posted in Price Action Lab Alerts | Tagged , | Comments Off

Price Action Lab Alert for Tuesday, April 3, 2012

This alert is about a price pattern in QQQ. Share

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

The S pattern in QQQ

The “crutch” pattern in SPY identified after the the close of January 9, 2012 is just one of the 720 exact variations of price patterns formed by 6 consecutive closes. This pattern had a bullish bias and it hit its profit target objective of 2% … Continue reading

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

Stock Market: A Short-term Reversal to the Upside is Highly Probable

As of the close of Monday, November 21, 2011, price action patterns and directional probability calculations point to a reversal to the upside. It is not clear at this point whether a bottom is being formed at these levels. Share

Posted in ETF Analysis | Tagged , , , | Comments Off

Three Lower-Highs With an Inside Day in SPY and the Subjectivity of Chart Patterns

As of the close of Thursday, November 10, 2011, a pattern of 3 lower-highs  with an inside day was formed in SPY. Although some technical analysts view this kind of pattern as a bearish signal, analysis shows that the historical edge  towards … Continue reading

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

SPY Closed Again Above Its 200-Day MA But There Are Signs of a Pending Correction

As of the close of Tuesday, November 8, 2011, SPY managed to stay above its 200-day simple moving average after testing this resistance level but  there are a few signs of a pending short-term correction. One such sign is due to a price … Continue reading

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