Skipper86

Momentum of Momentum ie. acceleration is positive

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AMEX:SPY   SPDR S&P 500 ETF TRUST
The momentum of the momentum indicator has turned positive suggesting a likelihood of upward movement (on average) over at least the next couple weeks. I'm looking at momentum of momentum because it appears to be calling tops and bottoms more reliably than the momentum indicator itself during this time of volatility and sideways movement. Momentum is shown for reference and ATR is shown for volatility reference.

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