The long term uptrend remains in place. Price has lost the short term 10 day EMA as end of day support. The 10 day EMA is now end of day resistance. Showing a loss of momentum. $SPY is under a bearish crossover signaling a potential down swing here. The RSI at 52.32 is a neutral […]
10 Facts About the $SPY Chart: 5/21/17 Read More »
$SPY is bullishly above all moving averages. $SPY is currently trading in a very tight range. $SPY resistance remains the all time high at $240 with support at $238. MACD remains currently with a bullish crossover but is turning down and near a bearish crossover. RSI is bullish at 59.01 and has room to run higher
10 Facts about the $SPY Chart: 5/14/17 Read More »
There is nothing more bullish than a price trading at an all time high. $SPY price remains in an uptrend and above all moving averages. The 10 day / 50 day crossover is a bullish signal. A 65.77 RSI is near overbought and could be signaling more price building in this range before more of an uptrend.
10 Facts About the $SPY Chart: 5/7/17 Read More »
$SPY remains in a long term uptrend above all moving averages. $SPY has been in a trading range since March with $240 resistance and $231 support. The MACD contains to maintain a bullish crossover. Volatility declined last week as measured by the ATR. Resistance was tested on decreasing volume last week. 60.60 RSI is not overbought
10 Fast $SPY Chart Facts: 4/30/17 Read More »
This is a Guest Post by: Colibri Trader @priceinaction. This article is used here with permission and originally appeared here on ColibriTrader.com. Chart patterns are one of the most effective trading tools for a trader. They are pure price-action, and form on the basis of underlying buying and selling pressure. Chart patterns have a proven track-record,
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$SPY remains in a long term up trend and near all time highs above all key long term moving averages. $SPY has remained in a trading range in the short term since late February with $240 as resistance and $232 as support. The MACD remains under a bearish cross. The RSI remains neutral at 49.75.
10 Facts about the $SPY Chart: 4/23/17 Read More »
Long term the trend is still up as $SPY continues to hold far above the 200 day SMA. Short term the market is in a range. $23o Support and $240 resistance since February 10, 2017. The 50 day SMA was breached for the first time since the presidential election results. For the past 9 days
10 Facts About the $SPY Chart: 4/16/17 Read More »
$SPY has been inside a trading range since February 14, 2017. $SPY up trend is still on place with all long term moving averages still turning up. Short term moving averages are turning sideways inside this trading range. All small dips continue to be bought. The overnight 100 point Dow futures drop recovered Friday. When
10 Chart Facts on $SPY: 4/9/17 Read More »
The long term up trend remains in place with price over all key moving averages. Last week price broke over the 10 day EMA signaling the possibility of another leg up on the short term up trend regaining new all time highs. The MACD remains under a bearish crossover showing the slowing of upside momentum as the
10 Facts About the $SPY Chart: 4/2/17 Read More »
The long term uptrend is still in place. Short term resistance has become the 10 day EMA. Short term support is currently the 50 day SMA. A break out and close on the other side of one of these levels could signal the next trend up or down. RSI finally dropped below the neutral 50 to
10 Facts About the $SPY Chart: 3/26/17 Read More »