Updated chart as of EOD yesterday. It doesn't look like the uptrend of SPX will exhaust any time soon.
======================= SPY is very extended, very old Uptrend; it may get more extended, Uptrends do that often. But that doesnt change the fact buy volme is weaker on 3 year candle chartchart,its [SPY]IS still an old uptrend, very extended Uptrend. Joshua Lukeman, [Market Makers Edge]does NOT like trying to take the last penny out of any trend. I dont mind trying to take the last .25 cents out of an uptrend;; but not the last penny , LOL
good point. if history repeats itself, when the blue line spikes, you would still have plenty of time to escape a local top. these are swing trade signals, not for long term.
didn't get to update the chart until after market close yesterday. the red line spiked slightly above 20 and then headed back down. could this be a signal to buy dip?