RE: Stan Weinstein's Stage Analysis and Market Breadth - Technical Analysis
(2020-04-05, 10:21 AM)pcabc Wrote:(2020-04-05, 09:50 AM)grbaNT Wrote: Attached are the updated charts of the US Stock Market Survey Indicator, Individual Stages, SP500 Survey, SP400 Survey and SP600 Survey.
If you want to read my commentary, please go to https://dg-swingtrading.blogspot.com/sea...e%20Survey
Thanks for this, as always, appreciated.
Can you clarify a little?
Volatility dropped somewhat last week and if that continues in the coming weeks, maybe we will see individual stocks creating patterns and, generally, we can begin to trade on technicals after a lengthy period where market environment was good only for day trades.
Regarding 'only good for day trades', do you mean the lengthy period up and including February or the March decline?
Anyway, of volatility becomes more sensible we will better know where we are.
I'm sorry for the lack of clarity. Volatility skyrocketed in March. So, I meant March. Day traders love volatility. Volatility is offering much more trading opportunity for their style of trading. You are right! "After a lengthy period" is creating confusion.