The stock market is currently in a holding pattern after a nine-day selloff via an A-B-C wave structure that produced a temporary high on August 8th. The current 4-year cycle that started in February 2016 has been nothing but amazingly strong. During the nine-day selloff
Topping is a process. Finally the topping process produced a temporary high on August 8th. We had originally projected the S&P 500 index top to be around 2478 in advance, the final top was made @2490. From the June 9th outside reversal top @2446, it took two months
We at Pricentime.com run daily, weekly and monthly scanners to search for stocks that are ready to take off. The focus of the search is the study of price and volume information in the given stocks to predict pending movements. We also scan unusual option activities to find winners.
We at Pricentime.com run daily, weekly and monthly scanners to search for stocks that are ready to take off. The focus of the search is the study of price and volume information in the given stocks to predict pending movements. We also scan unusual option activities to find winners.
Third time is the charm. The market flashed outside reversal days three time, once on June 9th, once on July 27th, and finally on August 8th. On those outside reversal days, the market made a fresh new high, then promptly sold off to close below the previous day’s low.
