Testing the Predictive Powers

Click charts to ENLARGE.

What's your game?

Looking at the SPY (SPDR ETF) below, we can see a lot.

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• The volume shows higher volume distribution days (a big negative)
• The NR7 bar (narrow range bar)
• If today's low were to hold, a 'relatively' higher low by Bollinger Bands
  
• Price below the 50 period moving average (negative)
  
• Down channel of price (negative)
  
• Head-and-shoulders top not yet violated (watchful waiting)
• MACD potential divergence (positive)

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Trade Universe: Lots of NR7 (narrowest range of seven days) with potential price expansion but not direction predicted.

Good trading and great risk management to all.

Educational use only. Never intended as investment advice.