Swing Trading Strategies & Stock Picks Since 2003

Passing on a quick 1-min chart of the SPY (S&P 500 ETF) to show that we’ve already had three major TICK Divergences and a 5-wave Elliott Pattern.  Let’s see those quickly:

We had a quick “Three Push” Pattern down off the morning’s opening gap (the “Three Push” is a popular reversal pattern) and then we had an immediate burst in a 5-wave impulse structure into the (so far) intraday highs.

The 5th wave and push to new highs formed on a negative TICK (and momentum - not shown) Divergence, which set-up an excellent and aggressive short-selling opportunity.

Price made a push down, though this time a positive momentum divergence formed shortly after 10:00am (CST) which preceded the recent short-term rally we’re experiencing.

I’m mainly showing these as interesting educational patterns and to encourage you to incorporate the TICK into your trading for market ‘internal’ or ‘under the hood’ insights to enhance your trading.

Corey Rosenbloom
Afraid to Trade.com