Ryan Detrick over at Schaeffer’s has definitely become one of my favorite technicians over the last few years. He’s consistent with his methodology and does some excellent work, specifically with sentiment. He sat down for a chat with Jeff Macke on Yahoo Breakout this week and thinks this might be a good time to start putting some money to work.
Check it out:
(Make it a full screen; charts will look much clearer)
Nice job Ryan
Tags: $IWM $SPY $QQQ