SPY Confirmed in a Warning Phase. With a declining slope on the 50 DMA means it is a strong warning. 129.63 the low from 7/18, still a support area. Telling was that none of the indexes were able to get …
SPY The island top I have been writing about and fearing would confirm-well, thank you government for making it so. Now we have broken the 50 DMA which never got to a neutral let alone positive slope. The long term …
SPY broke the range of the inside day from Friday in the first 30 minutes, but as suggested was not a short opportunity, instead an opportunity to buy the dip. Now, there is still underlying support at 132.50 area and …
SPY broke the range of the inside day from Friday in the first 30 minutes, but as suggested was not a short opportunity, instead an opportunity to buy the dip. Now, there is still underlying support at 132.50 area and …
SPY Inside day after last Thursday coming within a few ticks of filling the gap that was left on the island top day July 7. That gap gets filled at 134.88. After strong volume on Thursday, Friday's volume was extremely …
SPY came within a few ticks of filling the gap that was left on the island top day July 7. The low that day was 134.88 and today's high 134.82. Unless for some reason, we have a strong down move …
SPY as explained on the video, is clearly in a situation where it could correct further to 131.30 or work sideways and then resume the move up. Today's volume was extremely light which always makes corrections suspect. But, we still …
SPY not only did what it needed to do, surpassed what it needed to do. Once it opened up above 131.45, it was a "follow it up" with barely a moment of pain. Now, has some resistance at 133.25, initial …
SPY retraced to 129.85 the area yet broke out from back in late June. 130.50 is the FTP and pivotal. Must also clear the 50 day moving average back at 131.45. On the weekly chart, the bullish trend remains intact.…
SPY Still the major concern. The 50 DMA at 131.50 held, but is still declining in slope. The floor trader pivots are neutral to slightly negative at 131.45. That is a big pivotal area now for Monday. If that area …