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24 October 2022 – A Slow UpTrend

Chart 1: Overall market analysis of the indices, oil, gold, bond and US dollar index

Summary (The Week Ahead)
$DJTNeutral Trend and Upward momentum.
/YMUpTrend and Upward momentum.
/RTYNeutral Trend and Upward momentum.
/NQNeutral Trend and Upward momentum.
/ESNeutral Trend and Upward momentum.

The indices are trending downward and momentum is downward.

/CLDownTrend and Downward momentum.
/GCDownTrend and Neutral momentum.
/ZBDownTrend and Downward momentum.
HYGNeutral Trend and Upward momentum.
DBCDownTrend and Downward momentum.

Daily Tight Squeezes (The Week Ahead)

Daily Squeezes (The Week Ahead)
$DJT, $DXY, /BTC, /ES, /NQ, /RTY, EUR/USD, NDX, SPX

Preliminary Squeezes (The Week Ahead)
/CL, NDX

Chart 2 – Market Internals

Market Internals
Market Sentiment – Bearish.
Put/Call ratio – 1.203
Market Breadth – above threshold line showing more gainers than losers.
Volume Acc/Dis – above threshold line showing accumulation overall.
Vix – 29.85

QTiTTs signal is Bearish.

Relative Strength – Sectors

Chart 3 – Ranking the Strength of the S&P 500 ETFs over 12 month period

On a 3-monthly lookback, the relative strength order of the S&P ETF 500 sectors are XLE, XLV, XLF, XLI, XLP, XLB, XLK, XLC, XLY and XLU.

On a 12-monthly lookback, the relative strength order of the S&P ETF 500 sectors are XLE, XLV, XLI, XLP, XLF, XLK, XLB, XLU, XLY and XLC.

Chart 4 -1 minute day chart with QTiTTs

In chart 4 above, the /RTY had the usual volatility on market Open. It whipsawed up and down for the first 30 minutes after market opened at 9:30 am ET. After that, the Bears took it down till about 10:25 am ET. There was an even tussle back and forth from but generally, the Bulls were dominant till market close.

To Your Wealth!
Would you like to learn to trade Stocks, Options or Futures? Drop us an email at jefftohch@gmail.com or call +6010 4343 948. If you have been an unsuccessful trader and need personal tutorship, we can provide you with personal coaching to take you to be a profitable trader.

Definitions
Bullish bias – Candle Close is above 55 SMA and 8 EMA or 21 EMA and 8 EMA is above 21 EMA
Bullish – Candle Close is above 8 EMA, 21 EMA, 55 SMA and 8 EMA is above 21 EMA
Bearish bias – Candle Close is below 55 SMA and 8 EMA or 21 EMA and 8 EMA is below 21 EMA
Bearish – Candle Close is below 8 EMA, 21 EMA, 55 SMA and 8 EMA is below 21 EMA

20 October 2022 – Bears overwhelmed Bulls

Chart 1: Overall market analysis of the indices, oil, gold, bond and US dollar index

Summary (The Week Ahead)
$DJTDownTrend and Neutral momentum.
/YMNeutral Trend and Upward momentum.
/RTYDownTrend and Upward momentum.
/NQDownTrend and Upward momentum.
/ESDownTrend and Upward momentum.

The indices are trending downward and momentum is downward.

/CLDownTrend and Downward momentum.
/GCDownTrend and Downward momentum.
/ZBDownTrend and Downward momentum.
HYGDownTrend and Upward momentum.
DBCDownTrend and Downward momentum.

Daily Tight Squeezes (The Week Ahead)
/BTC

Daily Squeezes (The Week Ahead)
$DJI, $DXY, /ES, /NQ, /RTY, /YM, EUR/USD, HYG, SPX

Preliminary Squeezes (The Week Ahead)
$DJT, /ZN, NDX

Chart 2 – Market Internals

Market Internals
Market Sentiment – Bearish.
Put/Call ratio – 1.114
Market Breadth – above threshold line showing more gainers than losers.
Volume Acc/Dis – above threshold line showing accumulation overall.
Vix – 29.98

QTiTTs signal is Bearish.

Relative Strength – Sectors

Chart 3 – Ranking the Strength of the S&P 500 ETFs over 12 month period

On a 3-monthly lookback, the relative strength order of the S&P ETF 500 sectors are XLE, XLV, XLF, XLC, XLK, XLB, XLI, XLP, XLY and XLU.

On a 12-monthly lookback, the relative strength order of the S&P ETF 500 sectors are XLE, XLV, XLI, XLF, XLK, XLB, XLP, XLU, XLC and XLY.

Chart 4 -1 minute day chart with QTiTTs

In chart 4 above, the /RTY had the usual volatility on market Open. It whipsawed up and down for the first 30 minutes after market opened at 9:30 am ET. After that, the Bulls started to take over till about 10:30 am. There was an even tussle back and forth from 10:30 am ET till about midnight when the Bears took control. At about 12 noon ET, that is supposedly when the professionals took control.
The Bears were able to dominate the market till about 3 am ET.

To Your Wealth!
Would you like to learn to trade Stocks, Options or Futures? Drop us an email at jefftohch@gmail.com or call +6010 4343 948. If you have been an unsuccessful trader and need personal tutorship, we can provide you with personal coaching to take you to be a profitable trader.

Definitions
Bullish bias – Candle Close is above 55 SMA and 8 EMA or 21 EMA and 8 EMA is above 21 EMA
Bullish – Candle Close is above 8 EMA, 21 EMA, 55 SMA and 8 EMA is above 21 EMA
Bearish bias – Candle Close is below 55 SMA and 8 EMA or 21 EMA and 8 EMA is below 21 EMA
Bearish – Candle Close is below 8 EMA, 21 EMA, 55 SMA and 8 EMA is below 21 EMA

19 October 2022 – Rally fizzles, Down it goes

Chart 1: Overall market analysis of the indices, oil, gold, bond and US dollar index

Summary (The Week Ahead)
$DJTDownTrend and Upward momentum.
/YMNeutral Trend and Upward momentum.
/RTYDownTrend and Upward momentum.
/NQDownTrend and Upward momentum.
/ESDownTrend and Upward momentum.

The indices are trending downward and momentum is downward.

/CLDownTrend and Downward momentum.
/GCDownTrend and Downward momentum.
/ZBDownTrend and Downward momentum.
HYGDownTrend and Upward momentum.
DBCDownTrend and Downward momentum.

Daily Tight Squeezes (The Week Ahead)
/BTC

Daily Squeezes (The Week Ahead)
$DJI, $DXY, /ES, /NQ, /RTY, /YM, EUR/USD, SPX

Preliminary Squeezes (The Week Ahead)
$DJT, /ZB, /ZN, HYG, NDX

Chart 2 – Market Internals

Market Internals
Market Sentiment – Extremely Bearish.
Put/Call ratio – 0.904
Market Breadth – above threshold line showing more gainers than losers.
Volume Acc/Dis – above threshold line showing accumulation overall.
Vix – 30.76

QTiTTs signal is Bearish.

Relative Strength – Sectors

Chart 3 – Ranking the Strength of the S&P 500 ETFs over 12 month period

On a 3-monthly lookback, the relative strength order of the S&P ETF 500 sectors are XLE, XLF, XLV, XLI, XLB, XLP, XLC, XLK, XLU and XLY.

On a 12-monthly lookback, the relative strength order of the S&P ETF 500 sectors are XLE, XLV, XLI, XLU, XLF, XLP, XLB, XLK, XLY and XLC.

Chart 4 -1 minute day chart with QTiTTs

In chart 4 above, the /RTY had the usual volatility on market Open. It then showed the Bulls were in control for the 5 minutes of the trading day. From then till about 10:00 am ET, the Bears were Selling off. The Bulls managed to take it back up again from 10:01 am ET till 10:30 am ET. From then, the Bears were in control and took it back down till 1 am ET. For the rest of the day, the Bulls were working hard to push it back up.

To Your Wealth!
Would you like to learn to trade Stocks, Options or Futures? Drop us an email at jefftohch@gmail.com or call +6010 4343 948. If you have been an unsuccessful trader and need personal tutorship, we can provide you with personal coaching to take you to be a profitable trader.

Definitions
Bullish bias – Candle Close is above 55 SMA and 8 EMA or 21 EMA and 8 EMA is above 21 EMA
Bullish – Candle Close is above 8 EMA, 21 EMA, 55 SMA and 8 EMA is above 21 EMA
Bearish bias – Candle Close is below 55 SMA and 8 EMA or 21 EMA and 8 EMA is below 21 EMA
Bearish – Candle Close is below 8 EMA, 21 EMA, 55 SMA and 8 EMA is below 21 EMA

18 October 2022 – A rally at last

Chart 1: Overall market analysis of the indices, oil, gold, bond and US dollar index

Summary (The Week Ahead)
$DJTNeutral Trend and Upward momentum.
/YMNeutral Trend and Upward momentum.
/RTYNeutral Trend and Upward momentum.
/NQDownTrend and Upward momentum.
/ESNeutral Trend and Upward momentum.

The indices are trending downward and momentum is downward.

/CLDownTrend and Downward momentum.
/GCDownTrend and Downward momentum.
/ZBDownTrend and Neutral momentum.
HYGNeutral Trend and Upward momentum.
DBCDownTrend and Downward momentum.

Daily Tight Squeezes (The Week Ahead)
/BTC

Daily Squeezes (The Week Ahead)
$DJI, $DXY, /ES, /NQ, /RTY, /YM, /ZN, EUR/USD, SPX

Preliminary Squeezes (The Week Ahead)
$DJT, /ZB, HYG, NDX

Chart 2 – Market Internals

Market Internals
Market Sentiment – Bearish.
Put/Call ratio – 1.097
Market Breadth – above threshold line showing more gainers than losers.
Volume Acc/Dis – below threshold line showing distribution overall.
Vix – 30.5

QTiTTs signal is Neutral.

Relative Strength – Sectors

Chart 3 – Ranking the Strength of the S&P 500 ETFs over 12 month period

On a 3-monthly lookback, the relative strength order of the S&P ETF 500 sectors are XLE, XLV, XLF, XLI, XLB, XLP, XLU, XLC, XLY and XLK.

On a 12-monthly lookback, the relative strength order of the S&P ETF 500 sectors are XLE, XLV, XLU, XLI, XLF, XLP, XLB, XLK, XLY and XLC.

Chart 4 -1 minute day chart with QTiTTs

In chart 4 above, the /RTY had the usual volatility on market Open. It then showed the Bulls were in control for the 10 minutes of the trading day. For then till about 11:40 am ET, the Bears were Selling off. For the rest of the day, the Bulls were working hard to push it back up with the Bears taking the opportunity to Sell.

To Your Wealth!
Would you like to learn to trade Stocks, Options or Futures? Drop us an email at jefftohch@gmail.com or call +6010 4343 948. If you have been an unsuccessful trader and need personal tutorship, we can provide you with personal coaching to take you to be a profitable trader.

Definitions
Bullish bias – Candle Close is above 55 SMA and 8 EMA or 21 EMA and 8 EMA is above 21 EMA
Bullish – Candle Close is above 8 EMA, 21 EMA, 55 SMA and 8 EMA is above 21 EMA
Bearish bias – Candle Close is below 55 SMA and 8 EMA or 21 EMA and 8 EMA is below 21 EMA
Bearish – Candle Close is below 8 EMA, 21 EMA, 55 SMA and 8 EMA is below 21 EMA

17 October 2022 – Rally at last

Chart 1: Overall market analysis of the indices, oil, gold, bond and US dollar index

Summary (The Week Ahead)
$DJTNeutral Trend and Upward momentum.
/YMNeutral Trend and Upward momentum.
/RTYNeutral Trend and Upward momentum.
/NQDownTrend and Upward momentum.
/ESDownTrend and Upward momentum.

The indices are trending downward and momentum is downward.

/CLDownTrend and Downward momentum.
/GCDownTrend and Downward momentum.
/ZBDownTrend and Downward momentum.
HYGDownTrend and Upward momentum.
DBCDownTrend and Downward momentum.

Daily Tight Squeezes (The Week Ahead)
/BTC

Daily Squeezes (The Week Ahead)
$DXY, /ES, /NQ, /RTY, /YM, EUR/USD

Preliminary Squeezes (The Week Ahead)
$DJI, $DJT, /GC, /ZB, /ZN, HYG, NDX, SPX

Chart 2 – Market Internals

Market Internals
Market Sentiment – Bearish.
Put/Call ratio – 1.129
Market Breadth – below threshold line showing more losers than gainers.
Volume Acc/Dis – below threshold line showing distribution overall.
Vix – 31.37

QTiTTs signal is Bearish.

Relative Strength – Sectors

Chart 3 – Ranking the Strength of the S&P 500 ETFs over 12 month period

On a 3-monthly lookback, the relative strength order of the S&P ETF 500 sectors are XLE, XLV, XLF, XLI, XLC, XLB, XLK, XLP, XLY and XLU.

On a 12-monthly lookback, the relative strength order of the S&P ETF 500 sectors are XLE, XLV, XLF, XLU, XLI, XLP, XLB, XLK, XLY and XLC.

Chart 4 -1 minute day chart with QTiTTs

In chart 4 above, the /RTY had the usual volatility on market Open. It then showed the Bulls were in control for the first hour of the trading day. For the rest of the day, the $ADD (difference of the advancer and decliners) has a general downward trend, the /RTY held if own. What has happened is that the /RTY has reached the 21 EMA on the daily chart.

To Your Wealth!
Would you like to learn to trade Stocks, Options or Futures? Drop us an email at jefftohch@gmail.com or call +6010 4343 948. If you have been an unsuccessful trader and need personal tutorship, we can provide you with personal coaching to take you to be a profitable trader.

Definitions
Bullish bias – Candle Close is above 55 SMA and 8 EMA or 21 EMA and 8 EMA is above 21 EMA
Bullish – Candle Close is above 8 EMA, 21 EMA, 55 SMA and 8 EMA is above 21 EMA
Bearish bias – Candle Close is below 55 SMA and 8 EMA or 21 EMA and 8 EMA is below 21 EMA
Bearish – Candle Close is below 8 EMA, 21 EMA, 55 SMA and 8 EMA is below 21 EMA

14 October 2022 – Weekly Review – Bearish market continues

Chart 1: Weekly chart of the S&P 500 sectors

Summary (3-Day Chart)
$DJT – DownTrend
with downward momentum.
/YM – DownTrend with downward momentum.
/RTY – DownTrend with downward momentum.
/NQDownTrend with downward momentum.
/ESDownTrend with downward momentum.

/CLDownTrend with upward momentum.
/GCDownTrend with downward momentum.
/ZBDownTrend with downward momentum.
HYGDownTrend with downward momentum.
DBCDownTrend with upward momentum.

Summary (Daily Chart)
$DJTDownTrend with upward momentum.
/YMDownTrend with upward momentum.
/RTYDownTrend with neutral momentum.
/NQDownTrend with neutral momentum.
/ESDownTrend with neutral momentum.

/CLDownTrend with Neutral momentum.
/GCDownTrend with Downward momentum.
/ZBDownTrend with Downward momentum.
HYGDownTrend with Upward momentum.
DBCUpTrend with Upward momentum.

$DXYUpTrend with Neutral momentum.
EUR/USDDownTrend with Neutral momentum.
USD/JPYUpTrend with Upward momentum.

US Dollar is in an uptrend.

Tight Squeezes
/BTC

Squeezes (Daily)
/RTY, /YM

Preliminary Squeezes (Daily)
$DJI, $DJT, $DXY, /ES, /GC, /NQ, /ZB, /ZN, EUR/USD, HYG, SPX

Market Internals

Market Internals (Daily Chart)
Market Sentiment – Bearish.
Put/Call ratio – 1.062
Market Breadth – below the signal line showing more losers than gainers.
Volume Acc/Dis – below the signal line showing distribution.
Vix – 32.02

Market Internals are signalling Bearishness.

Table 1: Tabulation of the S&P 500 Sectors

On a 3-monthly period, the relative strength order of the S&P ETF 500 sectors are XLE, XLV, XLF, XLP, XLI, XLC, XLU, XLK, XLB and XLY.

On a 12-monthly period, the relative strength order of the S&P ETF 500 sectors are XLE, XLV, XLF, XLU, XLP, XLI, XLK, XLB, XLC and XLY.

1 minute day chart with QTiTTs

To Your Wealth!
Would you like to learn to trade Stocks, Options or Futures? Drop us an email at jefftohch@gmail.com or call +6010 4343 948. If you have been an unsuccessful trader and need personal tutorship, we can provide you with personal coaching to take you to be a profitable trader.

Definitions
Bullish bias – Candle Close is above 55 SMA and 8 EMA or 21 EMA and 8 EMA is above 21 EMA
Bullish – Candle Close is above 8 EMA, 21 EMA, 55 SMA and 8 EMA is above 21 EMA
Bearish bias – Candle Close is below 55 SMA and 8 EMA or 21 EMA and 8 EMA is below 21 EMA
Bearish – Candle Close is below 8 EMA, 21 EMA, 55 SMA and 8 EMA is below 21 EMA

13 October 2022 – A rally

Chart 1: Overall market analysis of the indices, oil, gold, bond and US dollar index

Summary (The Week Ahead)
$DJTDownTrend and Upward momentum.
/YMNeutral Trend and Upward momentum.
/RTYDownTrend and Upward momentum.
/NQDownTrend and Neutral momentum.
/ESDownTrend and Neutral momentum.

The indices are trending downward and momentum is downward.

/CLUpTrend and Upward momentum.
/GCDownTrend and Downward momentum.
/ZBDownTrend and Neutral momentum.
HYGDownTrend and Neutral momentum.
DBCUpTrend and Upward momentum.

Daily Tight Squeezes (The Week Ahead)
/BTC

Daily Squeezes (The Week Ahead)
/RTY

Preliminary Squeezes (The Week Ahead)
$DJI, $DJT, /ES, /GC, /NQ, /YM, /ZB, /ZN, EUR/USD

Chart 2 – Market Internals

Market Internals
Market Sentiment – Bearish.
Put/Call ratio – 1.018
Market Breadth – below threshold line showing more losers than gainers.
Volume Acc/Dis – below threshold line showing distribution overall.
Vix – 31.94

QTiTTs signal is Bearish.

Relative Strength – Sectors

Chart 3 – Ranking the Strength of the S&P 500 ETFs over 12 month period

On a 3-monthly lookback, the relative strength order of the S&P ETF 500 sectors are XLE, XLV, XLF, XLB, XLP, XLI, XLK, XLY, XLC and XLU.

On a 12-monthly lookback, the relative strength order of the S&P ETF 500 sectors are XLE, XLV, XLP, XLF, XLI, XLU, XLB, XLK, XLY and XLC.

Chart 4 -1 minute day chart with QTiTTs

In chart 4 above, the /RTY had the usual volatility on market Open. It then showed the Bears were in control and it sold off and bottomed at about 10:10 am ET. The QTiTTs Buy signal came at 10:25 am ET and there was the initial false signal but the Bulls did manage to take the /RTY higher. It subsequently pulled back in late afternoon trading.

To Your Wealth!
Would you like to learn to trade Stocks, Options or Futures? Drop us an email at jefftohch@gmail.com or call +6010 4343 948. If you have been an unsuccessful trader and need personal tutorship, we can provide you with personal coaching to take you to be a profitable trader.

Definitions
Bullish bias – Candle Close is above 55 SMA and 8 EMA or 21 EMA and 8 EMA is above 21 EMA
Bullish – Candle Close is above 8 EMA, 21 EMA, 55 SMA and 8 EMA is above 21 EMA
Bearish bias – Candle Close is below 55 SMA and 8 EMA or 21 EMA and 8 EMA is below 21 EMA
Bearish – Candle Close is below 8 EMA, 21 EMA, 55 SMA and 8 EMA is below 21 EMA

QTiTTs – Importance of following the signals to achieve the full potential

This is a study of using QTiTTs on the 13 October 2022. At 8:30 am ET, the CPI index was released. It showed that inflation was at 8.6% for the month of September. This triggered a massive selloff. At market Open at 9.30 am ET, the market generally moved down lower and bottomed at 9:40 am. From there, it started a volatile move upward and met the Bears waiting at the higher moving averages to sell down. Eventually, it reached the 233 SMA before taking off upward. It is at this point that the QTiTTs dots should have been followed to maximise the gain.

Chart 1: 13 October 2022 – 1 minute chart showing the Entry points and also the possible Exit points

In chart 1 above, we have the main chart (/RTY) and the understudies which are the $Tick and $ADD. Here at the beginning of the market open at 9:30 am, we noticed the following:

#1 and #2 – QTiTTs Buy Long signals. Trade Entry.
#3 – QTiTTs Sell signal. Exit Long trade.
#4 – QTiTTs Buy Long signal. Trade Entry.
#5 – QTiTTs Sell signal. Exit Long trade.
#6 – QTiTTs Sell Short signal. Trade Entry.
#7 – QTiTTs Buy signal. Exit Short trade.
#8 – QTiTTs. Enter Long trade.

Chart 1: 13 October 2022 – 1 minute chart showing the Entry points and also the possible Exit points

In chart 2 above,

12 October 2022 – Another Indecisive day

Chart 1: Overall market analysis of the indices, oil, gold, bond and US dollar index

Summary (The Week Ahead)
$DJTDownTrend and Upward momentum.
/YM DownTrend and Neutral momentum.
/RTYDownTrend and Neutral momentum.
/NQDownTrend and Downward momentum.
/ESDownTrend and Downward momentum.

The indices are trending downward and momentum is downward.

/CLDownTrend and Upward momentum.
/GCDownTrend and Downward momentum.
/ZBDownTrend and Downward momentum.
HYGDownTrend and Downward momentum.
DBCNeutral Trend and Upward momentum.

Daily Tight Squeezes (The Week Ahead)
/BTC

Daily Squeezes (The Week Ahead)

Preliminary Squeezes (The Week Ahead)
/GC, /RTY, /YM, USD/JPY

Chart 2 – Market Internals

Market Internals
Market Sentiment – Extremely Bearish.
Put/Call ratio – 0.894
Market Breadth – below threshold line showing more losers than gainers.
Volume Acc/Dis – below threshold line showing distribution overall.
Vix – 33.57

QTiTTs signal is Bearish.

Relative Strength – Sectors

Chart 3 – Ranking the Strength of the S&P 500 ETFs over 12 month period

On a 3-monthly lookback, the relative strength order of the S&P ETF 500 sectors are XLE, XLP, XLB, XLI, XLV, XLY, XLF, XLC, XLK and XLU.

On a 12-monthly lookback, the relative strength order of the S&P ETF 500 sectors are XLE, XLV, XLP, XLI, XLY, XLB, XLF, XLK, XLC and XLU.

Chart 4 -1 minute day chart with QTiTTs

In chart 4 above, the /RTY had the usual volatility on market Open. It then showed the Bears were in control and it sold off and bottomed at about 10:45 am ET. On its way up, it had to overcome many moving averages where the Bears were waiting.

To Your Wealth!
Would you like to learn to trade Stocks, Options or Futures? Drop us an email at jefftohch@gmail.com or call +6010 4343 948. If you have been an unsuccessful trader and need personal tutorship, we can provide you with personal coaching to take you to be a profitable trader.

Definitions
Bullish bias – Candle Close is above 55 SMA and 8 EMA or 21 EMA and 8 EMA is above 21 EMA
Bullish – Candle Close is above 8 EMA, 21 EMA, 55 SMA and 8 EMA is above 21 EMA
Bearish bias – Candle Close is below 55 SMA and 8 EMA or 21 EMA and 8 EMA is below 21 EMA
Bearish – Candle Close is below 8 EMA, 21 EMA, 55 SMA and 8 EMA is below 21 EMA

QTiTTs – Initial Sell Signal at 8:30 pm

This is a study of using QTiTTs on the 12 October 2022. In today’s trading, there was a news report at 8:30 am and the /RTY sold off at #1. This was a decisive and significant Sell signal and we assume that the market should carry on with it being Bearish when market opened at 9:30 am ET.

Chart 1: 12 October 2022 – 1 minute chart showing the Entry points and also the possible Exit points

In chart 1 above, we have the main chart (/RTY) and the understudies which are the $Tick and $ADD. Here at the beginning of the market open at 9:30 am, we noticed the following:

#2 and #3 – At market Open at 9:30 am, it sold off. The only problem was putting in a Sell trade in ToS which as unable to execute the trade. It had to be re-entered before the trade went through but at the speed the market was moving, a less than ideal entry point was entered. This ended up being a profitable trade.

#4 – The /RTY tried to move above the 21 EMA and met resistance. The bears sold it down. The trade here is to wait for sign that it was unable to break above the 21 EMA. Then it would be better to take the Short trade for a quick Entry and then Exit.

#5 – The /RTY came back up again and this time, it was above to break above the 21 EMA. If there was a Short position set at 21 EMA, it would have resulted in an immediate loss. Here we observed that it was unable to break above the 55 SMA. When that happened, we then take Enter with a Short Sell. The bears managed to bring the /RTY quite a distance down. It would be a nice profitable trade.

#6 – The /RTY came back up and tried to break above the 55 SMA and again, it met resistance and was sold off.

#7 and #8 – The exit signals for the Short trade.

Chart 2: 12 October 2022 – 1 minute chart showing the Entry points and also the possible Exit points

In chart 2 above, we looked at the chart where it finally managed to breakout.

#7 – There was some volatility and the Buy Long signal was shown with the dots at #10. Then the /RTY started trending upward.

#11 – It shows the QTiTTs dots and also the Trend and Momentum dots trending upward steadily.

Chart 3: 12 October 2022 – 1 minute chart showing the Entry points and also the possible Exit points