szaman Another gap up day in the market but unlike Thursday , market was able to follow through somewhat and stayed green . Spy is holding 200 MA now and will most likely go for overhead 20/50/100 MA and trend line resistance. Chinese stock also had follow through bounce via gap up and most faded and …
Not a good day for the bulls as the gap was faded all day in the market and it closed on low of the day. Typical bear market action out there as you can see any rally attempt has been faded off. Many were hoping for 200 MA bounce and hold but SPY has been …
Market finally broke down that bear flag pattern I posted on previous blog and reversed back as things quickly became oversold. As far as resistance , nothing really has changed . SPY has resistance on top like 50 and 100 MA and trend line. As I have been warning in last posts, market still in …
Market stuck in a bear flag range. SPY now has many overhead resistance on top like 50 and 100 MA and trend line. A break down 205.28 could see 200 MA . Market is still in Bear territory so be careful out there with break out and long plays. Be sure to take profit quickly …
SPY finally broke down the range after braking the trend line and 100 MA support. After a big down day on Monday, not an impressive bounce Tuesday, If 205.28 goes , we are looking at a fast flush to 200 MA. Even if SPY has bounce there will overhead resistance at old 100 MA then …
Another down day in the market but SPY managed to hold on to both 20 and 50 MA. Still in range bound market below 212.60 and above 100 MA. Chinese stocks has been hit hard as China stock market continues to plunge after a parabolic run . However, some this Chinese stocks are getting stretched …