Very close to a 20% pullback here, after my last post; warning for a pullback. Pullback is happening in a classic XABCD pattern on the daily chart, see below. Today at the open touched the 113%XA, with a PRZ target … Continue reading →
The bot has been running now for two weeks and alerting in realtime. Based on the results which are inline with the results I got from backtesting with 14 months of intraday data I am now firmly convinced that this … Continue reading →
That was quite a day! I started with a quick TSLA call trade, following the bot on some heavy cal buying at the open. Then my plan was to call it quits for the rest of the day and work … Continue reading →
SPY As you might know the development of my indicators is a derivative of Scott Carney’s Harmonic patterns, and ultimately the Gartley pattern, developed by Harold McKinley Gartley back in the 30’s. For traders, who are unknown to these patterns, I … Continue reading →
Over the past two trading days we’ve seen a new XABCD pattern forming on the 15min TimeFrame. Of which the AB=CD PRZ acted as resistance Friday afternoon until about 14:30. With a close above a PRZ, higher prices can be … Continue reading →
SPY Today SPY reached the 161.8%XA target of the pattern on the 15min chart, we have used as of last Friday. It did so with an intraday harmonic pattern on the 5 min TimeFrame. Here’s the 5min chart with … Continue reading →
Not a very good day for me yesterday; PC kept crashing. At first I thought it was a couple Demark indicators I had loaded on my Stockfinder platform. But that didn’t seem to be the case. Apparently something changed in … Continue reading →
Not much happening past two days. We’ve seen the move from Bull PRZ to Bear PRZ on the SPY 15min chart, with the daily 88.6%XA more or less the consolidation middle line. Today, below the 88.6%XA could yet again cause … Continue reading →
SPY Today SPY opened up below the BearPRZ of the 15min XABCD pattern we alerted on last week. The 11:15 Bar started a bounce of the small BullPRZ that was initiated by the drop below the entry at 190.36 as … Continue reading →
So our new year’s prediction of a steeper pullback then the ’15 pullback came true within 3 weeks! Well did it? Last year’s 182.4 low was a 14.7% pullback of the high (ATH), while Today’s low is a 15.3% pullback … Continue reading →
