SPY Although it traded beneath the 200 DMA, it did not close beneath. If we get 2 closes in a row beneath 128.70 that would put it in a Distribution Phase. SPY is even more oversold that it was last …
SPY Last time we tested the 200 DMA, the bounce was incredible but took a couple of false starts and then a couple of days of digestion. Important to note is that it never closed below the 200 DMA back …
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 Have not jumped in yet to buy the dip. A move over 133.45 especially if the volume comes in-today was extremely light, and this could still recover. Has more underlying support around 132.50.
QQQ 59.36 continues to hold. Underlying …
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