Close that gap

[MacroEvent]

Quote from reno4nook:

Very Nice trades macro

Congratulations

notice how much more return you got trading the ER2??

er2 more return ---- not always!

er2 s/r breakout play went limp and the es ran like "Sonador" !!!

all depends who is doing the buying {pumping}.

 

[murray t turtle]

Quote from reno4nook:

How do we know that we haven't already put in a solid bottom?

The S&P could have bottomed at 1168 on Oct 13. The candlestick pattern on that day was a hammer on good volume (a solid reversal signal).

Since then it's had 3 higher highs and 3 higher lows.

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Reno4no-ok;
Looks like a bottom;
not as solid however as oil/gas sector uptrend. And while its a reversal signal like you said, those SPY,QQQQ 2005 uptrends havent been as solid as 2004 uptrends.

DIA,SPY,QQQQ also all have ;
downtrending 50 dma, & downtrending 50dma all OCT.