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"That's really nice analysis as to where and why the market is heading, and your still killing it on the trades and account gains."

It will be interesting to see if the SP500 closes above or below the neutral Pivot Point (brown line). The 400ma rising micro trend (grey line) is way below the SP price. Sometimes when price is stretched too far above or too far below the 400ma, it retracts back to it like a rubber band. [2...

OI, its interesting that the SP500 traded in a 13.47 point range today and the VIX index varied from 12.58 to 13.55. Sometimes the relationship between the VIX index values and SP500 daily range is uncanny.

Closing Micro Trend Chart for July 23, 2018. (SP500, 2 days, 5 minute candles, 400ma, Pivot Points) SP500 closed right on the 400ma (blue line) and very slightly below the Neutral Pivot Point (brown line). It had a nice run up of 10 to 12 points from Pivot Point Support No. 2 (green line) from...

Where as before the SP500 would be above the rising 400ma(blue line) and pull back to it for support, its now below the 400ma and its attempting to rally into the 400ma above it. Can the SP500 move back above the 400ma (blue line) and continue its bull run? [SP500, 2 days, 5 minute candles...

OI, I totally agree with your averaging down. I have averaging options down for 2 decades. My historical studies of the trades that I have averaging down shows that it saves 62% of my losing trades. Here is my math based formula method for averaging down: The output of my math based computer...

Closing Micro Trend Chart for Friday July 20, 2018. After 11 consecutive days above the rising 400ma micro uptrend, today closed below the 400ma. "Is it possible the Bulls are tired and are going give the Bears a chance to come out and play for a few days?" (Chart: SP500, 10 days, 5 minute...

Today is Option Expiration Day and many times the markets finish the day Neutral on the 3rd Friday of the Month (expiration for monthly options). My 2 day, 5 minute chart with the 400ma & Pivot Points has a tendency to agree with Neutral. In Pivot Point Chart training, which floor traders have...

OI, this story came out around 12:30pm to 1:00pm today. Look what happened after the story broke, on the 5 minute chart above from 1:00pm (13:00) to the closing bell. Trump 'not happy' with Fed interest rates Washington (AFP) - President Donald Trump criticized the US central bank in comments...

It was a decent bounce, but the SP500 never got past the Pivot Point (brown line, Neutral Point) before retreating back to the convergence point of the 400ma (grey line) & S2 (Pivot Support 2 bottom green line). It closed above 2800, so that's good, but I still believe we are having a bit of a...

I bought SPY AUG 283 calls (expire 8/17) at the convergence point of the rising 400ma (grey line) and Pivot Support 2 (green line). Lets see how if we can repeat twice in a week.

There it is. Lets see if it bounces twice in a week on the same micro setup.

OI, on this micro trend chart, the 400ma (gray line) has a convergence with Pivot Support Line Number 2 (green line). If price drops to convergence, good chance of decent bounce.

My math based system had me buy SPY AUG283 Calls (Exp. 8/17) at 1.40 yesterday and looking for a 1.96 (+40%) exit today or in the next few days. Because of the Sequence ( seq 7) of this Call Micro Trend, combined with Low VIX ( < 15 ), the system math formula is looking for only a modest profit.

OI, in the many years of using the micro trend chart (5 minute candles, 400ma, Pivot Points) that I am always posting (hope you don't mind) on your thread, I discovered that usually a very powerful move up comes from this mornings setup: (1) SP500 has been closing above the 400ma for at least a...

OI, from a Micro Trend stand point (5 minutes candles, 400ma, Pivot Points), the SP500 has had 8 consecutive closing days above the 400ma. Today was the first day it momentarily dipped below the 400ma, but then recovered so far...

OI, it would be nice if the banks rally, but the banking chart is horrible!

OI, I would be remiss if I didn't mention one last indicator that is worth noting because so many of the older Wall Street analysts use it: Its the transportation index, which includes Fed Ex, UPS, & large trucking companies. They deliver merchandise to online shoppers and large retail stores...

The chart patterns below of the Nasdaq 100 (NDX) and Russel Small Cap Index (RUT) are very similar. I have a tendency to use the RUT as a leading indicator because they are cheap speculative stocks (with little or no earnings). When the market's going tank, speculators have a tendency to sell...

I also closed out calls at the open today, that I bought yesterday. I always sell gap up openings because many times they have a tendency to be the high of the day (gap & crap), but not always. Today's micro trend chart (2 days, 5 minute candles, 400ma, pivot points) below shows the gap up...