Live: Monday, April 23, 2018

4/23 – 3:05 p.m. New York time

The SPY daily-chart Fisher Transform remains downtrending. No trades today.

I use the Fisher as a trigger for action, although my decision on what action should be taken relies on Elliott wave analysis, a far more subtle way of looking at the charts.

4/23 – 11:25 a.m. New York time

The chart analysis included in my April 20 live feed remains consistent with today’s early trading of SPY, which remains within Friday’s range. (Entry analyses of my positions are here and here.) And my exit signal remains unchanged; I shall close the positions when the Fisher Transform moves from its present downtrending signal to an uptrending signal. Given the present state of the chart, a trade out seems unlikely today.

By Tim Bovee, Portland, Oregon April 23, 2018

Tim Bovee, Private Trader tracks the analysis and trades of a private trader for his own accounts. Nothing in this blog constitutes a recommendation to buy or sell stocks, options or any other financial instrument. The only purpose of this blog is to provide education and entertainment.

No trader is ever 100 percent successful in his or her trades. Trading in the stock and option markets is risky and uncertain. Each trader must make trading decisions for his or her own account, and take responsibility for the consequences.

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