Profitable Ideas Each Market Day
LAST UPDATE:04/23/14 04:24 PM ET
The setup remains the same this evening, with SP-500 sitting in the upper half of a broad range, held up by strong rallies in energy and transportation. Meanwhile, the Nasdaq-100 and Russell-2000 show significant technical deterioration, trading below their 50-day EMAs in expanding wedge patterns that have thus far refused to yield higher lows or higher highs.
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|Price moving against a strong trend rebounds sharply|
How Should You Trade The 7-Bells?
|High volume events print the future direction of price|
|Constricted price gives way to directional movement|
|Gap downs after strong rallies signal a trend change|
|Candles flag reversals in the next smaller time frame|
|Weak markets drop fast after rallying into resistance|
|Breakouts through a triple top signal major uptrends|
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ON THE EDGE
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