[OVI Market Review] S&P Slides To Its Key Level As Expected

[image] [Unsubscribe]() [image](=) Dear Trader Again, our market timing has been impeccable. Last week I mentioned the 50-dma for the S&P was likely, and that has also been the case for the QQQ and IWM. Just the Dow 30 is holding up at this point. As with Stock Selection, Market Timing is not just about one indicator or perspective. It’s about a few credible individual sources all conspiring to form a likely logical outcome. The key of course is for those individual sources to be credible, and this is where we at WiseTraders outperform. We only deal in logic. So, we’ve had a decline of three indices (and many stocks) and an increase in volatility. All of which was anticipated weeks ago, and with the big tell-tail sign being the bearish monorail bar from 27th July. Like I mentioned last weekend, regardless of what you see in the news, or what you read in forums or chat rooms, try to ignore the noise and interpret what you’re actually seeing instead. For more detail follow the blue button link below to the blog. [Watch today's OVI market update video here >]( Market Outlook: Now the S&P, QQQ and IWM have hit their 50-dma, and with our excellent medium-term timer slightly extended, I’d expect a couple of days of consolidation, but with the QQQ having breached its 50-dma, and the OVIs for these three indices being negative, there is a decent chance for further lows. For more detail follow the blue button link below to the blog. The Main Indices: The SPY – The QQQ - The IWM - The DIA - Go to the blog for details. Market Timers: - Longer Term Market Timer (OVIsi): Within a whisker of going half-green. The DIA’s OVI just about held it up! - Medium Term Swing Timer: Now just a tiny bit oversold meaning a short term consolidation is likely. - Index OVIs: The SPY, QQQ and IWM OVIs are negative to varying degrees. The DIA is neutral. Go to the blog for more detail. Fast Filters Stock Selection: Like last week we weren’t overwhelmed with nuggets this week. Remember, quality over quantity. Similar to last week, today I’ve done most of my filtering near the Key Levels. Please view the blog for a smaller segment list that you can focus on for the week, though after next week this will only be able to be seen by logging into the platform. --- Software Upgrades: A couple of minor tweaks last week where the bigger changes were delayed to this coming week where you’ll see some formatting improvements and another upgrade to the Watchlists area. VIPs will also see Shrinking Retracements and Overbought/Oversold as TradeFinder filters, not just watchlists. The embedded TV is the next priority, followed by the Journal app calculator. Then the charts upgrade and by popular demand, the broker API. Lots to do! Many game-changing upgrades will be made in time for the London Stocks Summit on December 2nd. Stay in touch to discover more as we unveil best-of-breed applications! Events: Our Stocks Summit in London on 2nd December will be the most practical ever, and with the most bonuses ever. Each session will have a practical exercise for you to complete, so you can build your confidence in finding the exact type of setup you want to focus on. These practicals will include Market Timing and specific stock strategies, and will only take 15-minutes for you to complete. This will give you the confidence to use our tools to their maximum potential while saving you huge amounts of time. We’ll have the Foundation Day online the Saturday before the big event so we can focus on more of these practicals during the event. -- Remember, you can play the video at 1.25x or 1.5x speed if you want to save time! I have placed all the stocks covered in today's review in your "Latest Preview" watch list. [Watch today's OVI market update video here >]( Bye for now Guy [image](=) PS. If you're interested in any of my OVI trading services for stocks or options such as a [fast-track mentorship](=) or [workshop event](), book yourself an appointment [here](=) to speak with one of my trusted team. Many of my members aren't aware of all the services I offer to help you become an established consistent winner with the OVI. Remember, everyone is an individual, and I ensure that I can cater to you and your particular needs. [Speak to a team member to get your ideal package tailored just for you >]() [Unsubscribe]( FlagTrader.com Ltd 1 Dawes Court Esher, Surrey KT10 9QD United Kingdom +44 (0) 203-865-3584