SPY After opening higher and failing to get through the first 30 minutes opening range or R1, it reversed and closed below the declining 50 DMA with a Distribution Day in volume. 130 was the breakout area from 2 weeks …
SPY came back above the 50 day moving average which is still sloping down, and closed right on the floor trader pivot at 131.85. There was no distinguishing volume pattern. Early in the day it tried to get through the …
SPY after writing about the island top last night, a rumor driven and erratic market made way for an end of day sharp decline which not only gave SPY its third distribution day in a row, but also a failure …
SPY Working off of an Island top that was established last Thursday. The candle stick term is called aBearish Abandoned Baby. Typically, the trend reversal is confirmed by the black candlestick on the third day. There are other factors to …
SPY closed down .7% of the Distribution day in volume, the first since June 23. If filled the gap that was left from Thursday and closed above 134.10 which was the high that was made for three days before the …
Today, SPY had the Accumulation day in volume with a big gap higher closing up 1%. The buzz was that a lot of today's rally was in anticipation of a good unemployment number in the morning. Regardless, just looking at …
A DOJI day in SPY with light volume. Now, 133.78 where the open and close is becomes pivotal. It also had an inside day which means above 134.10 see no reason why the move should not resume to the upside …
At the risk of stating the obvious, last week was highly unusual. Looking deeper, what can we assess from a market that went from threatening to break the 200 day moving averages at the beginning of the week to ending …