>>>THE PENNY OPTIONS SCANNER IS LIVE!<<<
Looking at market internals before making day trading decisions is a critical part of my real-time analysis that’s often overlooked.
So in today’s video, I’m going to walk everyone through how I use three different indicators, the $TICK, $TRIN and the A/D Line ($ADD), which is also known as the advance/decline line.
I’ll explain how these indicators can provide insights into institutional buying and selling activity, market trends and the overall health of the stock market at any given time.
We’ll cover:
📈 $TICK: A positive $TICK indicates institutional buying, while a negative $TICK signals selling. Extreme readings (above 800 or below -800) signify strong buying or selling pressure.
📉 $TRIN: This index measures the overall trend of the market. A high reading (above 6) suggests an extreme overbought condition, while a low reading (below -2) indicates an oversold market.
📊 $ADD (Advance/Decline Line): This indicator tracks the number of stocks advancing versus declining. A divergence between the A/D line and the S&P 500 can indicate that a handful of stocks are propping up the market, potentially leading to a sharp decline if these stocks pull back.
👀 Correlation: It’s important to watch for correlations between these indicators and the overall market. For instance, if the $TICK is down while the S&P 500 is up, it could signal a potential reversal.
⚠️ Red Flags: Discrepancies between internals and the overall market movement can be a red flag, suggesting potential weakness or unsustainable momentum.
Check out today’s video up top for the full rundown!
The team at Lance Ippolito Trading
Lance doesn’t want the CCP spying on him, so you’ll never find him on TikTok. Same goes for other social media sites, which are filled with impersonators, scammers and crypto bros.
You can only find him on his personal YouTube Channel — smash that Subscribe button! https://www.youtube.com/@LanceIppolito
And in his private Telegram channel: https://t.me/+-gVwEIwGJhplMTgx
*This is for informational and educational purposes only. There is inherent risk in trading, so trade at your own risk.
P.S. Your $1K Beta Tester Discount and 3 Free Months of Access Are Ready!
Hope you had a blast at today’s Penny Options Scanner session…
Over the last few months, I’ve really fallen in love with this particular scanner.
And I think you will, too.
There are few tools that can find opportunities like this at such a low cost…
So, if you’re tired of expensive options, you may want to give the Penny Options Scanner try.
And, truthfully, there is no better time than now.
I’m giving you 90 days on the house…
PLUS, a MASSIVE $1,000 discount…
That means for just $997, you can gain access to the Penny Options Scanner and all of our training sessions for the next 15 months!
