Technical trading using Headwind & Memory Support -  Weekly Market Roundup 11th Aug 2018
Channel: Trading Profitably
Date: 2018-08-12

Technical trading using Headwind & Memory Support -  Weekly Market Roundup 11th Aug 2018.

Instruments Discussed: USO, GLD, SPY, QQQ, DIA, IWM, CTL, TPIC, MAN, ROIC, AA, etc.

In the CUE charts, we have a Headwind signal that often signals impending reversal. And we have Memory auto-smart-trendlines that provide support or resistance. This week we saw both in action on two of the market ETFs, SPY, and DIA. 

SPY displayed bearish Headwind on Thursday and fell on Friday. DIA had bearish Headwind on Wednesday, and it declined on Thursday and then again on Friday. Headwind accurately predicted the impending drop.

Both SPY and DIA found support near the daily Memory trendline support on Friday. On intraday charts price reversed from that level. The daily Memory support levels could be used very efficiently to exit short day-trades. 

These and much more in the weekly market roundup. You will see from the analysis that the market is difficult (indecisive, without clear direction). However, using CUE 360° analysis, you are always able to find trades both in the long as well as in the short direction.

Time to grab a drink, some snacks probably, and hit the play button. 

This is a demonstration of the way Superior Profit Community members trade Stock, Stock Futures, and Stock Options to generate consistent profit from Stock Market.