Thursday, 11 August 2016

SP500 Momentum Review

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


SP500



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