SPDR S&P 500 (SPY): fwiw, i put more faith in ADX/Awe/STO/RS...

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Re: dannyzee84 post# 147797

Thursday, 08/20/2015 1:44:46 PM

Thursday, August 20, 2015 1:44:46 PM

fwiw, i put more faith in ADX/Awe/STO/RSI/etc...
than h&s, cup&handle, etc...

bull/bear flags have been fairly accurate in my experience.
but the rest get spotty unless very well defined.

gravity is definitely in play today.
imo, aka: parallel fears of fed rate rise and china meltdown.

but SPY tends to bounce when it drops this much in a day.
just a look at the 14-day chart for that.

time will tell...

99.99% of all pinks are scams. Best to assume the other 0.01% are as well.

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