• Examining Yesterday's V-Spike Reversal In The S&P 500

    9 days ago - By ETF Daily News

    From Corey Rosenbloom : Tuesday's intraday V-Spike Reversal gives us a chance to study the set-up to trade an intraday reversal and not get trapped on the wrong side of a rapid movement.
    Let's highlight the pattern and pinpoint the higher timeframe support level from which it logically developed:
    Intraday V-Spike Reversal on Positive Divergences
    A large gap-down often suggests the early development of a Trend Day.
    However, it's important to take higher timeframe levels - especially key price targets - into consideration before joining into the trending action.
    Yes, price gave a valid...
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