SPY retraced to 129.85 the area it broke out from back in late June. Must clear the 50 day moving average. On the weekly chart, the bullish trend remains intact.
QQQ came close to testing the 50 day moving average …
SPY Still the major concern. The 50 DMA held, but is still declining in slope. The floor trader pivots are neutral to slightly negative. 131.45 a big pivotal area now for Monday. If that area fails, considering Friday was an …
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. There was no distinguishing volume pattern. Early in the day it tried to get through the high from …
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 …
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