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  • Weis Wave

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    Juan Bautista Vargas Lozano
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    The stock market had opportunities for day traders according to the 5-minute bar chart, with springs occurring at 10:50am, 12:45pm, and a potential upthrust at 2:45pm erased by larger upwave volume. The slow daily upward move in the market will likely continue without supply emerging to halt the rise, as seen in late 2014. Such a condition means the market is in strong hands.

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    The stock market had opportunities for day traders according to the 5-minute bar chart, with springs occurring at 10:50am, 12:45pm, and a potential upthrust at 2:45pm erased by larger upwave volume. The slow daily upward move in the market will likely continue without supply emerging to halt the rise, as seen in late 2014. Such a condition means the market is in strong hands.

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    © All Rights Reserved
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    587 views1 page

    Weis Wave

    Uploaded by

    Juan Bautista Vargas Lozano
    The stock market had opportunities for day traders according to the 5-minute bar chart, with springs occurring at 10:50am, 12:45pm, and a potential upthrust at 2:45pm erased by larger upwave volume. The slow daily upward move in the market will likely continue without supply emerging to halt the rise, as seen in late 2014. Such a condition means the market is in strong hands.

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    THE STOCK MARKET UPDATE

    March 21, 2016

    David H. Weis

    Watching the daily S&P chart today wasnt particularly interesting. However there were
    several trading opportunities on the 5-minute bar chart. We had a nice spring at 10:50 a.m.,
    a minor spring at 12:45 p.m. and a potential upthrust of the overnight high with shortening
    of the thrust at 2:45 p.m. The latter trade started with a large slug of downwave volume but
    it was mostly erased by even larger upwave volume on the close. A good session for daytrading with no bias. The slow, grinding up-move on the daily chart will continue until
    supply emerges. Look at the rise between October-December 2014 to see how far levitation
    and lack of supply can propel prices. Such a condition signifies a market in strong hands.

    www.WeisOnWyckoff.com

    dhw@weisonwyckoff.com

    Tel 617.489.9155

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