SPY Filled that gap and put together yet another Distribution Day in volume. Started out the week talking about the 120.08 close pre downgrade. Now, ending the week looking to see if it can hold the 200 weekly moving average …
SPY Can't argue with a good rally at the end of the day, but still cannot get overly excited since volume went back to anemic after an accumulation day yesterday. Plus, as the chart points out, it filled the gap. …
SPY A couple of interesting aspects concerning today's rally. First is the accumulation day in volume, nice start. Second is the close over the 200 weekly moving average at 155.33. Third is the close over the fast moving average at …
SPY I keep hollering about volume. Today, volume was light. Plus, we could not get back over the 200 weekly moving average. The best we can say is that the low from Friday held. And now we have an inside …
SPY All eyes will be on 110.27 the week ending 8/12's low tick. And it seems pretty safe to say we will get there. We are officially oversold on the weekly chart, but not the daily. Saw some tweets on …
SPY Broke everything, the adaptive moving average, the 200 weekly moving average and what I was warning about-distribution volume patterns and Death Crosses came home to roost in a big way. Plus, now 7 Distribution days in volume after today. …
SPY Continues to hold the adaptive MA at 117.98. Directionless day with light volume which could be a sign of weariness of traders, vacation time before it's back to school or that interest is drying up in the current bear …
SPY Held the fast moving average at 118.42 and still a bit away from the adaptive MA at 117.92. We had the one day of accumulation in volume on August 9th when it made a peak low and closed strong. …
SPY On the 3 scenarios covered in Sunday's blog-this one worked-" If it comes in higher Monday, would be inclined to follow it to the upside in anticipation of more upside." And so it did, except on very light volume. …
SPY Some mixed indicators which make is more difficult to read next direction. Volume on Friday light. Could not close above the prior week high 120.08. Closed at the top of the range of last week. Closed above the 200 …