|Simple Trading Ideas||
Below is a 2-hour chart of SPY, the S&P 500 SPDR. I am experimenting with this new chart style to add some color to my site. There is just too much gray. I used the 2-hour chart because it shows more details. Below the chart you can see the Detrended Price Oscillator (DPO). DPO is not designed to give momentum signals but rather to estimate cycle length. I am using DPO to "predict" the next bottom. Keep in mind that this is only an estimate.