|“The four most dangerous words in investing are: ‘this time it’s different.'”
Sir John Templeton
Mr. Trump won-the world did not end. Last night’s market temper tantrum did not carry through to today. Volatility was sold, and all three major indexes closed deep in the green. The DOW closed less than 50 pts. from its previous high.
Do I still see volatility ahead-you bet!
Today, I analyze the SPX action during the 2015-13% Pullback D. We will see if the Simple Simon gave quality entry signals.
SPX 2015 Pullback D Chart
1. SPX tested support two times with a double bottom before breaking out
In conclusion, the Simple Simon DID generate a SS Buy Signal during Pullback D.
Tomorrow, I finalize this series and analyze all four pullbacks and conclude with a strategy on how to play the next large profit taking.
Enjoy your evening,
David O. England
Plan your work, work your plan, and share your harvest! Philippians 2:3-4
This information is for Educational purposes only. It shall in no event be construed or interpreted as an offer or recommendation to buy or sell securities of any kind.
DAVID O. ENGLAND is the founder of the Eye on the Market-Training Academy and Associate Professor Emeritus of Finance. This column is presented for educational purposes only and not intended as financial advice.
If you have a question or comment, contact David England at email@example.com.
To learn why you received this and how to remove yourself from the list, see Privacy & Permissions Policy
Review / edit information about you | Unsubscribe
Generated by Learn more