szaman Rally continues in the Market after SPY 50 MA support bounce. Nothing new to report as far as technical pattern, bulls are clear to take on SPY congestion zone 204 and 206 area. Short term resistance lies on 100 MA and previous support, 204 area. I will be keeping an eye on that lever for …
Impressive rally by the Bulls after SPY found support at 50 MA as i pointed out as a possibility in the last post. Nice breadth action as pretty much every sector participated in the rally. Bulls are clear to take on SPY congestion zone 203.204 and …
Reversal day in the market after couple of days on indecision/digestion pattern. SPY first support is at 50 MA 199 area. Below 199, that unfilled gap 195.40 comes into play. Great action from watch list names! We had our energy names pullback. BCEI,OAS,AREX ,FCX all had …
Flat day in the market after SPY broke out over that downtrend line and physiological 200 mark. Next resistance at 203, 204 and 206. SPY 204 and 206 area has big overhead supply/resistance so there might be some choppy trading zone up there after the big run …
Nice day for bulls as they finally were able close SPY over that downtrend line and physiological 200 mark. Next resistance at 203, 204 and 206. At the same time, market getting a bit overbought so a fade is also a possibility. Gap to 195.40 still …
Digestion day for the Market after SPY had a big run off the lows and then hitting the trend line . Few days gentle digestion would not be bad to setup some stocks again. SPY has a gap to fill and 20 MA at 195 and odd …