Wednesday, February 26, 2014

Looking For Signs of a Crazy Ivan

I'm looking for the positive divegrence that would need to develop for the SPY's dip below the triangle to be considered a Crazy Ivan and I don't see anything yet.

As explained earlier, this shakeout below the triangle, "if" followed by one above the triangle would be a Crazy Ivan shakeout, both sides of the triangle and them it fails on the downside.

So far I don't see any signs of the small accumulation intraday that would be needed to push the SPY back above the triangle.

This is NOT a strong looking market at all, in fact quite the opposite.

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