For the past 10 days short term chart resistance was at $268. Since March 22nd the 100 day SMA has been resistance with support at the 200 day SMA. The 50 day EMA acted as resistance on Friday after the strong rally inside the range. Price remains under the 100 day SMA. The chart […]
The $SPY Chart’s Blurred Lines: 5/6/18 Read More »
The $SPY chart remains bullish but has settled into a large consolidating price range. The upper descending trend line is creating resistance as lower highs are made with each rally. The lower ascending support line is the 200 day SMA as price finds support at this line. The middle line at the 50 day EMA
The Big $SPY Chart Price Range: 4/29/18 Read More »
The current chart pattern has price in the handle of a very short term cup with handle. Price is currently under the 10 day EMA and the 50 day SMA. The past three price peaks have been on lower highs, but the chart did not make lower lows. The down days on Thursday and Friday
Bull Clues on the $SPY Chart: 4/22/18 Read More »
Short term resistant is at a confluence of the $268 price level, of the 50 day SMA, and the 50 RSI. A close over this level gives a momentum long signal. The RSI is at 49.24, a close over the 50 RSI is a sign of new momentum. For the past four trading days the
Bullish Signals on the $SPY Chart: 4/15/18 Read More »
We are now in a short term range bound market that is inside of a longer term bull market. Last week down days were on much higher volume than the up days. For 13 of the last 14 days the 10 day EMA has acted as end of day resistance. The $SPY average true range
Bears & Bulls Battle at the 200 Day Line Read More »
$SPY did bounce near the 200 day sma and the 30 RSI but failed to rally and begin a new uptrend. ($SPX chart had a near perfect peg of the 200 day sma / 30 RSI and bounce). $SPY chart remains under a bearish MACD cross under. The ATR has continued to expand back to
The $SPY Chart’s Two Triangle Patterns Read More »
Last week the $SPY chart broke out of the symmetrical chart pattern to the downside. The MACD was under a bearish cross under all of last week. The ATR expanded to the upside showing the expansion of downside volatility. Volume expanded by over 50% as prices fell to the downside. The RSI is entering oversold
Where I’m Buying the $SPY Dip Read More »
This week $SPY has been under a MACD bearish cross under. On Thursday morning $SPY gapped down out of the symmetrical triangle pattern. $VIX spiked up to 23.35 this week. ATR slightly increased this week. RSI has stayed under the 50 RSI this week showing a loss of momentum. The uptrend is now damaged after
$SPY Chart: Bear Signals, Bull Signals Read More »
The bulls regained control of the stock market last week. Price is back over all moving averages. The key 10 day ema remains over the 50 day ema which is a bullish crossover system. The tech sector was leading the move back up with $XLK and $QQQ breaking to new all time highs in price.
Big Bullish Candles: $SPY Chart 3/11/18 Read More »
The $SPY has transitioned to a range bound market with price between the 200 day SMA support and all time high resistance. The average trading range remains elevated at a 4.62 ATR. Volatile moves last week went in both directions. The MACD is in the process of a bearish cross under. With the loss of
Bears Strike Back: $SPY Chart: 3/4/18 Read More »