Thursday, 11 August 2016

SP500 Momentum Review

Momentum is an important tool to monitor trend, some times history does repeat!

Here we can see two cases of similar momentum up swings, and it would suggest the next phase for the SP500 is a period of tight consolidation. Which is completely normal. Momentum indicators are all so great for watching for timing the next swing. During a down swing Wyckoff logic is excellent for determining if the down swing is over and price can be trusted for a move up.


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