Trading Watch List 05.25.2016
Gap and go day in the market , led by technology and financials stocks. SPY broke out of short term range and flag pattern. Usually this type viscous move, gap and close all over major moving averages (8,20,50) sees …
szaman
Trading Watch List 05.23.2016
Range bound action continues in the market after SPY closed above range low. Nothing new to report as far as SPY chart. paused at 1 st resistance 50 MA. 102.78 is the support and resistance at 50 MA 206 …
Trading Watch List 05.20.2016
Choppy, sloppy couple of days in the Market. SPY broke that all important 204 level but Bulls came back and manged to close SPY over that 204. Bulls or Bears, neither side can’t get any traction going and …
Trading Watch List 05.18.2016
Bears made a push to close SPY below 50 MA on Friday but failed to make any follow through move yet again on Monday.As usual major support area were bought again as we talked about in last post. Monday was frustrating for bears and Tuesday was same for Bulls and here market is back to …
Trading Watch List 05.16.2016
Bears finally made a push to close SPY below 50 MA. Next major technical support is on 204 area. Major support areas have been bought on the market so far ,as bears have failed to make any follow through …
Trading Watch List 05.13.2016
Wild day in the market after a gap up , fade and then recovery. SPY managed to hold that all important 50 MA again. Line in the sand now for the Bulls. Some choppy violent move on either …