Clever.
Market decided to form a bullish divergence here instead of reversing after hitting the 'oversold zone' similar to last May, Aug and September (see red circles).
Why? Well, market had to make sure to keep things fresh and keep things in check so ther...
People panicked last week and now they are confused. Why? SPY daily bars analysis (this video is an excerpt from the Traders Club Mini-member video from last night).
This signal, if this signal confirms, we could see another leg higher with the "santa rally" starting as early as on Monday the 23rd (this video is an excerpt from the Traders Club Mini-member video from last night).