Forgot to mention-TICK

I wanted to show you these charts in the last market update...

 First this is the intraday triangle on Friday that I said I was sure was going to be a head fake (failed price patter) move. According to Technical Analysis (and this is one of the most popular pattern) this triangle is a bearish consolidation, then continuation price pattern so traders expect price to follow the red arrows and break below the triangle to start the next leg lower. In yellow we have the head fake, there's a move below the triangle that captures the shorts as they make their trade on confirmation of the break below the triangle and then today it is reveled as a head fake as price moves up instead of down, putting all of those new shorts at a loss from their trades on Friday.

 Friday I showed you the NYSE TICK chart with the same triangle, I even said I thought this triangle was purposefully engineered because of the shape of the TICK chart.

Here's the SPY overlaid in white and you can see it moving higher today, but also notice the TICK gives you early warning something is wrong and the uptrend is going to fade as the SPY makes a higher high, but the TICK chart fails to do do, then the TICK goes negative and really breaks with the SPY trend. This is a great tool, it's free and you don't need much experience to use it.