It has reached the bottom of all it's band on the short term charts. A rally should be about to take place over the next 3 days. Lets see what happens
239.35 is the number to beat. If SPY can get above 239.35, our compass will be above the black line and a new up trends begins.... otherwise look out below!
Arbitrage Pulse says short these now... lets see what happens! We have ran out of room in our bands probability and all momentum to the up side appears to be exhausted. Perfect stack of Deviations and Horizontal Asymptotes. Lets see what happens from here.
This is a 3 day short. (15 minute chart) Price Target 25.88 1000 Shares
This is a 3 day short
Money Line, the green line, has crossed the RSI LINE, at the top of the Brown Band Compass, The blue line, is pointing down and is below the red momentum line.
On the hourly Chart it's easy to see why I took profit where I did. Every time the compass points down(The navy blue line)... I want no part of the trade!
Using Arbitrage Trade Analytics. We made 6 trades on Spy over the last 13 months for an 86% return on our portfolio.