I do not think traders start making money until they mature and understand the big picture. I have been on this journey myself and went through the wild excitement of the internet bubble, day trading and the experience of making a few hundred dollars in a few minutes the first time and the delusion of […]
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$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 $SPY Chart: 6/4/17 Read More »
This is a Guest Post by: Troy Bombardia @markethistory his website is MarketHistory.org. This is still a bull market, and there is no significant correction on the horizon. Even short term stock market traders should understand the fundamentals of the economy. Why? Because the fundamentals determine whether the market is in a bull or bear market.
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$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 »
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 »
This is a guest post from Kim Iskyan, publisher of Stansberry Churchouse Research, an independent investment research company based in Singapore and Hong Kong that delivers investment insight on Asia and around the world. This post originally posted at “What naughty kids and the U.S. interest rate hike have in common” and is republished here with
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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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