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Day-Trading Insights on S&P Movements

The stock market had opportunities for day traders according to the 5-minute bar chart, with springs occurring at 10:50am, 12:45pm, and a potential upthrust at 2:45pm erased by larger upwave volume. The slow daily upward move in the market will likely continue without supply emerging to halt the rise, as seen in late 2014. Such a condition means the market is in strong hands.

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Juan Bautista Vargas Lozano
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263 views1 page

Day-Trading Insights on S&P Movements

The stock market had opportunities for day traders according to the 5-minute bar chart, with springs occurring at 10:50am, 12:45pm, and a potential upthrust at 2:45pm erased by larger upwave volume. The slow daily upward move in the market will likely continue without supply emerging to halt the rise, as seen in late 2014. Such a condition means the market is in strong hands.

Uploaded by

Juan Bautista Vargas Lozano
Copyright
© All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
  • Stock Market Analysis

THE STOCK MARKET UPDATE

March 21, 2016

David H. Weis

Watching the daily S&P chart today wasnt particularly interesting. However there were
several trading opportunities on the 5-minute bar chart. We had a nice spring at 10:50 a.m.,
a minor spring at 12:45 p.m. and a potential upthrust of the overnight high with shortening
of the thrust at 2:45 p.m. The latter trade started with a large slug of downwave volume but
it was mostly erased by even larger upwave volume on the close. A good session for daytrading with no bias. The slow, grinding up-move on the daily chart will continue until
supply emerges. Look at the rise between October-December 2014 to see how far levitation
and lack of supply can propel prices. Such a condition signifies a market in strong hands.

[Link]

dhw@[Link]

Tel 617.489.9155

THE STOCK MARKET UPDATE March 21, 2016 © David H. Weis w

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