Adam Grimes has over two decades of experience in the industry as a trader, analyst and system developer. The author of a best-selling trading book, he has traded for his own account, for a top prop firm, and spent several years at the New York Mercantile Exchange. He focuses on the intersection of quantitative analysis and discretionary trading, and has a talent for teaching and helping traders find their own way in the market.
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Last couple of days I’ve skimmed through all 500 S&P components on the weekly chart. I haven’t seen anything exciting – no perfect pullbacks.
Separately, I’m watching with interest to see how the two attached charts resolve in coming days/weeks. I may be seeing faces in the clouds with these, who knows.