Monday, March 9, 2015

[Video] SPY reversal confirmation?

From the desk of top market timer Mark Leibovit

A Negative Leibovit VR (Volume Reversal) on March 3 combined with a down trending 5/3/3 stochastic was a bulls eye call for the negative market action over the past three sessions.  Though we approaching the (blue) 50 day moving average, we do, as yet, have confirmation of a bottom.  Note how a Positive Leibovit VR on February 10 preceded a multi-day rally in to the March high.

Happy Trading,

Jeff Gibby 
Business Development

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