I would like to share several charts in this post which I think it could lead to a potential market bounce if we can see a healthy follow through this coming week. “healthy follow through” means if the indices can able to print higher prices (than today’s price), and continue in that respective for the next several days. Without a follow through, these signals will be invalidated or repudiated; but with a proper follow through, these signals will be substantiated and confirmed for a continuation.
These “Tiny Sparks” (65mins-Chart Bullish Divergence), I am about to share in this post, they don’t carry much authority if we are dealing with primary to intermediate-term downtrend or the sideways market; but because we are STILL dealing with primary to intermediate-term uptrend (as I have emphatically articulated in my last Mid-Week Update video) I believe these signals, come, rather significant in the minor-term (again if we can get the follow through next several trading-sessions)–as the tiny sparks can start a fire.
SPDR S&P 500 Trust
SPY 65mins-Chart with the Oscillators
ISHARES Russell 2000 ETF
IWM 65mins-Chart with the Oscillators
POWERSHARES QQQ TRUST (NASDAQ)
QQQ 65mins-Chart with the Oscillators
Financial Select Sector SPDR
XLF 65mins-Chart with the Oscillators
ISHARES Transportation Average
IYT 65mins-Chart with the Oscillators
SPDR Dow Jones Industrial Average
DIA 65mins-Chart with the Oscillators
NYSE Composite Index
$NYA 65mins-Chart with the Oscillators