Monday, April 6, 2015

LEIBOVIT VR TUTORIAL ON METASTOCK FOR SPY ON APRIL 6, 2015

From the desk of top market timer Mark Leibovit.



A series of of Leibovit Negative VRs (Volume Reversals -tm) since early March has presented a clearly bearish and distributive pattern to the S&P 500.  Cyclically, I tend to look for low point in March followed by a recovery into a May peak - recall 'Sell May and Go Away'.  It's early April and the FED could pull out all stops and announce QE4 (which is inevitable in my opinion), but for now until we see Leibovit Positive VRs and/or a breakout above recent highs, I would presume the market will go lower.  Support is at the green 200 day moving average which at 200 in SPY.

http://youtu.be/7h1gzoUGXBM

Happy trading.
Jeff Gibby.  
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