$SPY remains bullish with price above all moving averages and near all time highs. $SPY has closed above the 10 day EMA every day for three weeks. The 50 day SMA is the secondary support after the 10 day EMA intra-day. The average true range of price stopped declining last week. Last week VIX made […]
10 Facts about the $SPY Chart: 7/30/17 Read More »
$SPY remains in a strong up trend and pressing new all time highs in price. $SPY is above all moving averages. $SPY is under a bullish MACD crossover. The 66.61 RSI does not leave much room for upside without being overbought. Odds are next week will be a consolidation in $SPY as tech reports earnings.
10 Fast $SPY Chart Facts: 7/23/17 Read More »
The most bullish signal is all time highs. A these levels only profit taking provides resistance as stop losses and trailing stops are not triggered. $SPY remains in an up trend as price remains above all moving averages. The 50 day SMA held as support last week. SPY is under a bullish MACD cross over.
10 Fast $SPY Chart Facts: 7/16/17 Read More »
The long term up trend is still in place for $SPY. $SPY has been going sideways inside a trading range since the beginning of June after the break out over $240 resistance. Resistance in this range is all time highs at $245 and support is at $240. A neutral RSI at 51.40 gives $SPY room
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The long term uptrend remains up with the 50 day SMA still not lost. Short term the market has gone sideways and momentum has slowed as price lost the 10 day EMA. Last week we saw resistance at all time highs of $244 and support at the 50 day SMA. Volatility has increased giving day
10 Facts about the $SPY Chart: 7/2/17 Read More »
$SPY remains bullish with price above all moving averages. $SPY is still within striking distance of all time highs. $SPY has room to run before being overbought with an RSI of 59.74. Last week the 10 day EMA was the end of day support in this long term up trend. There was more volume on
10 Facts about the $SPY Chart: 6/25/17 Read More »
SPY remains bullish as it is near all time highs. SPY has been in a trading range for two weeks $244 resistance and $241 support. The average true range for price expanded last week to give day traders more room to work. $VIX remains low at 10.38 with resistance at a 12 VIX.
10 Fast $SPY Chart Facts 6/18/17 Read More »
SPY is still bullish and near all time highs. SPY has remained in a trading range for the past 7 trading days. The MACD is still under a bullish crossover. RSI at 63.77 is near overbought so the odds are on more consolidation before we go much higher here. Average true range expanded Friday giving
10 Facts about the $SPY Chart: 6/11/17 Read More »
$SPY at all times is the most bullish reading we can have. $SPY went higher on higher than usual volume. RSI at 70.44 enters overbought territory here and the market will likely need to consolidate here before we go higher. Every pullback has been an opportunity to buy. Every holder of $SPY is not setting
10 Facts about the $SPY Chart: 6/4/17 Read More »
$SPY is bullishly at new all time highs here. The trading range tightened last week in this slow up trend which continues to make day trading and swing trading difficult. Volatility crashed last week back to a 9.81 $VIX. The MACD is back under a bullish crossover. RSI has room to go higher with reading
10 Facts about the $SPY Chart: 5/28/17 Read More »