Trading Watch List 04.07.2017
As usual bears have yet again failed to follow trough after failed break out type action on Wednesday. SPY bounces 50 MA yet again.Line in the sand for now. Keep in mind,bounce attempt was weak for most stocks. …
As usual bears have yet again failed to follow trough after failed break out type action on Wednesday. SPY bounces 50 MA yet again.Line in the sand for now. Keep in mind,bounce attempt was weak for most stocks. …
SPY squeezed between 20 MA resistance and 50 MA support. Watching for a move either way, over 20 MA for long, under 50 MA for shorts. Even though SPY closed green, mostly due to the green action from …
Small red day a tad weak close for SPY on Friday after failing to take out 236.52 high from Thursday. Basically creating 2 day double top. Below 236.50,SPY is in a range between 20 and 50 MA, regardless, …
Old fashioned grind up action in the market that everyone has accustomed of seeing lately. Technology index QQQ already back to all time high. So it wont be surprising too see SPY follows suit soon.although it’s approaching some overhead resistance after 4 …
Decent rally in the market,after Monday’s “shake and bake” 50 MA break and a close back over 50 MA gave a nice follow through rally Tuesday. SPY backed down 235.80, previous resistance zone but managed to close over …
SPY manged to hold 50 MA after the healthcare drama out of the way. Line in the sand support for now. SPY still in bearish range bound under both 9 and 20 MA with support at 50MA with. …