Monday, June 02, 2014

You Must Short SPY When This Indicator Tells You It's Time


Receive a free 7 day trial to my nightly Trade Report, perfect for swing and part-time traders

This chart is as clear as day.  When Telechart's T2120 (which measures the ratio of 26 week new highs to new lows) hits 95, it is time to short SPY.  We are at 85 right now.  Ten more points and we have an easy short play.


Receive a free 7 day trial to my nightly Trade Report, perfect for swing and part-time traders

Follow me on twitter

1 comment:

Mike said...

Quite informative post!I loved reading it. Before investing, you should analysis of market nervousness and according to author market changes performed in cycles, each cycle finish with a large raise.

penny stocks brokers