You will lose, and here's how to do it well
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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 …
I've put charts of only SPY's and Q's today below. The key point is SPY found support an the prior daily range, and the Q's never came close to its equivalent range and in fact is looking like it will …
Earnings have bolstered the market, but SPY, IWM still have to work to do
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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.…
Choose ones that line up according to the narrative and have most reasonable risk
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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 …
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 …
Down days, finding good stocks that held S1 and Opening Range
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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 …