Chart Courtesy by StockCharts.com The overall sentiment on social media seems to be bearish and this rally is not believed to be real. $SPY is under the 10 day EMA / 50 day EMA bullish crossover signal. The volume during the up days last week were on increasing volume over last week. The 60.16 RSI […]
Don’t Hate Me Because I’m Bullish: $SPY Chart 1/27/19 Read More »
Chart Courtesy of StockCharts.com $SPY price is back over all short term moving averages 5 day, 10 day, 20 day and not the 50 day. Last week the volume increases on the swing to higher prices. The trading range continues to decline as measured by the Average True Range (ATR) at 4.69. This shows a
More Bull Signals On the $SPY Chart: 1/20/19 Read More »
This is a Guest Post by Troy Bombardia of BullMarkets.co The S&P has now retraced more than 50%, which was the standard post-crash target outlined a few weeks ago. The stock market is exactly where it was a few months ago. This demonstrates the stock market’s “bullish bias” – it goes up more often than
The Stock Market Made A V-Shaped Recovery. What’s next? Read More »
Chart Courtesy of StockCharts.com $SPY remains over short term moving averages last week like the 5 day and 10 day EMA. $SPY price remains under all key long term moving averages 50/100/200/250. $VIX continued to trend lower last week to 18.19 as volatility has been contracting since the day after Christmas. The trading range has
The Bull Signals on the $SPY Chart: 1/13/19 Read More »
What exactly is a chart pattern? A chart pattern is a visual representation of the actions of buyers and sellers in a market recorded in price action. A chart is not predictive of the future but shows what is happening with buyers and sellers in the present moment. The price action on a chart gives
What Causes A Chart Pattern? Read More »
Chart courtesy of StockCharts.com $SPY price continues under all key moving averages except the 5 day EMA and 10 day EMA. $SPY broke out of its recent 10 day trading range Friday to close at $252.39. $SPY closed under the 10 day EMA Thursday and then reversed closing back over the 10 day
Price Ping Pong on the $SPY Chart: 1/6/18 Read More »
Charts Courtesy of StockCharts.com $SPY price remains under all key moving averages even after last week’s rally. All my moving average systems remain with cash signals here. The ATR continues to be near the yearly high at 6.53 due to the huge intra-day moves last week. The MACD remains under a bearish cross under. The
Was the Bounce Real? $SPY Chart 12/30/18 Read More »
Chart Courtesy of StockCharts.com All my moving average signals are bearish and currently telling me to stay in cash until we have a confirmed reversal. The RSI at 22.67 is very historically oversold from a historic standpoint rarely does the S&P 500 go down and stay down so far and so fast with no bounce.
Santa Is A No Show: $SPY Chart 12/23/18 Read More »
Chart Courtesy of StockCharts.com Price is under all key moving averages. The 10 day ema has been the end of day resistance for 8 trading days. All bearish moving average cross under signals are saying to stay in cash here. The RSI at 36.95 has room to go lower before becoming over sold. The 30
The Danger is to the Downside: $SPY Chart 12/16/18 Read More »
Chart courtesy of StockCharts.com Last week the China Tariff news event was another sell the news event. This is the second sale the news event, the first was the mid term election relief rally was also sold into. The chart is currently in a huge trading range inside a correction. The 100 day SMA
Bears Return to the $SPY Chart: 12/9/18 Read More »