In this video lesson we take a look at the current overall market’s price action and check where the market’s momentum might stall via Fibonacci analysis on the $SPY. We then take a look at the breadth and breadth volume internals along with ratio charts to judge the current health of the overall market.
I wrap the video lesson up by taking a look at some of our current winning positions that have held up extremely well during the slow summer trading period that our EOD swing trading methodology currently finds itself in. We might be locking in more small losers than big winners in the short-term but overall its clear that when we latch on to a big winner those gains more than make up for the churn in the short-term.
Happy trading. Aloha.
