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Strategies & Market Trends : ajtj's Post-Lobotomy Market Charts and Thoughts
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To: ajtj99 who wrote (10483)10/30/2020 12:45:27 PM
From: rimshot2 Recommendations

Recommended By
ajtj99
Qone0

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tap and up today October 30, 2020 from the SPY daily 50,2 lower BB ...the W-bottom set up can take place from this initial chart formation, eventually, so

we shall see ...

Tap and Up's from lower BB's are V-bottoms using the daily chart and the 60-minute charts approx. 86% of the time, as I have counted in my data base -- year to year --- in the stats collected since the prior Presidential election. The stats for earlier periods before early November 2016 are much better than 86% for the V-bottom outcome with actual Staying Power following Tap and Up formations

You have some fast and large price declines included in this time period in which Tap and Up's from the lower BB ended up failing to have Staying Power and when using a variety of BB settings on the 60-minute and the daily OR the weekly charts applied to SPY
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