Hook from Extreme and Vegas Entry Signal!!!
Charts are giving two entry signals called the CCI Hook from Extreme Pattern and the Vegas Entry Signal on a weekly chart, suggesting that NOW is the time to go long! Why is is called the Vegas Pattern? Because it indicates that a very strong reversals trend is setting up! It is call Hook from Extreme because the price as gone to extremes and has given a signal to enter.
I already have positions in PEY and SPY. I’d say give it until Tuesday to enter since this is a weekly set-up (There is TIME to enter!). Isn’t that a great feeling? Have time to enter? Isn’t that better than trading on a one minute chart where you have a milisecond to enter?
See the chart:
