Chart Courtesy of StockCharts.com $SPY made a new all time high on Friday then closed under Thursday’s high of the day. $SPY is currently still triggering all bullish moving average long signals. Thursday’s breakout to new highs was on increasing volume while Friday’s reversal at the 70 RSI was on even higher volume. $SPY ran […]
$SPY Chart At High Probability Resistance: 9/23/18 Read More »
Chart courtesy of StockCharts.com Price remains above all moving averages. The VIX trended lower last week making lower highs and lower lows each day showing decreased fear and volatility. The average true range stays in a tight range with a 1.87 ATR as $SPY continues to trade in a very tight range. The MACD remains
$SPY Near A New Short Term Top? Read More »
Chart Courtesy of StockCharts.com $SPY has now had an orderly six days straight of lower highs and lower lows. This is what a down swing looks like. Volume has been increasing during this swing lower in prices. Price closed under the 10 day EMA the last two trading days breaking the short term uptrend. The
$SPY Chart Swings Low: 9/9/18 Read More »
Chart courtesy of StockCharts.com All time highs are bullish. The MACD stays under a bullish crossover. Short term support is the 10 day ema. The next area of support is the old breakout in the $286 area, then the 50 day sma. The 70 RSI area held as resistance at all time highs last week
$SPY Chart Key Support Areas 9/2/18 Read More »
This is a guest post by Troy Bombardia, a private trader who shares fact-based market analysis at Bull Markets The U.S. stock market recently made a new all-time high. What’s next? The S&P 500 (U.S. stock market) recently made a new all-time high after 7 months. So what’s next for the U.S. stock market? Let’s
U.S. Stock Market Recently Made A New High Read More »
Chart Courtesy of StockCharts.com $SPY is at all time highs in price. This is the most bullish signal as historically all time highs beget new all time highs. $SPY price is over all moving averages. $SPY has a bullish crossover on all moving average crossover systems. MACD is under a bullish crossover. There is room
Blue Skies for Bulls: $SPY Chart 8/26/18 Read More »
Chart Courtesy of StockCharts.com Price remains near all time highs. Price is over all key moving averages. On Thursday price regained the 10 day ema as end of day support. The 50 day sma is the next line of support after the 10 day ema. Wednesday resulted in a quick bounce before getting close to
Bulls Stuck in the Range: $SPY Chart 8/19/18 Read More »
Chart Courtesy of StockCharts.com The new Turkey sanctions gave the stock market an excuse to sell off Friday. The high overbought 67+ RSI last week held as resistance. An RSI of 57.50 is a more neutral level as the chart resets. The $SPY unadjusted high of $286.63 held as resistance. $SPY price closed under the
Cracks in the Bull’s Horns: $SPY Chart: 8/12/18 Read More »
Chart courtesy of StockCharts.com The current short term $SPY trading range is resistance at the adjusted all time high of $284.37 and support at $278.50 since July 13th. $SPY remains within striking distance of breaking out to new all time highs at an unadjusted $286.63. All time highs are bullish. The more attempts to
Bulls Won the Battle Last Week: $SPY Chart 8/5/18 Read More »
Chart Courtesy of StockCharts.com Price remained above all key moving averages except the 5 day EMA, showing a loss of momentum. The 70 RSI acted as end of day resistance on Wednesday. The 10 day EMA acted as end of day support on Friday. Last week has a small increase in the Average True Range
Bears Trying Harder: $SPY Chart: 7/29/18 Read More »