szaman Typical 1st tap 50 MA fade in SPY as expected. We have our self a range bound market now with 50 MA resistance and 20 MA support. Pullback Tuesday ,fill the gap from Monday. Short term 192.18 needs to hold, if it doesn’t next stop is the …
Range bound consolidation in the market after the big rally off a double bottom pattern. SPY basically now in between 20 and 50 MA range with short term support at 20 MA and resistance at 193.30,194.60 and 196. Our green to red short ideas from last …
Rally continues in the market. Relief rally turned into a “FOMO (Fear Of Missing Out) rally” . SPY over that 187 resistance caught some shorts off guard and help from all sectors propelled the rally even more. SPY next resistance 194.60 followed by big one at 196. …
Slow low volume relief rally as expected after market made a “cute” double bottom on previous low. As i wrote in the earlier post , I do not think we have seen the bottom yet, however if 181 holds , market might have a short term …
Cute bounce off SPY previous January low 181 area. I do not think we have seen the bottom yet, however if 181 holds , market might have a short term relief rally. Technology stocks were strong, oil holding the low for now. Laggards are the banks and …
Hit and run market action continues. Nice rally at the open after high beta “FANG” names like AMZN, NFLX, FB,GOOG managed to hold Monday’s low. If you were watching those names at open, (You should because this high beta names provide biggest range for short term trading and moves big with general market move, reason …