Tag Archives: price patterns

Quant Analysis of the Double Inside Day Breakout in S&P 500

After forming a double inside day, prices yesterday closed above the high of the first day of this pattern. This new pattern has a small positive bias when tested on all S&P 500 stocks but occurrences are not very frequent. Share

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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

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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

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Price Action Lab Alert – QQQ Short Pattern Profit Target Hit

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

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Price Action Lab Alert for Tuesday, April 3, 2012

This alert is about a price pattern in QQQ. Share

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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

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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

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