szaman Gap up day in the market and range bound action intraday and then SPY manged to closed above the upper range and 200 MA. Indices printing kind of “indecision” candle on the top of range. Ideally i would like to see few days of side way action …
Nice day for the indices and the run continues after big earning from AMZN,GOOG, MS. As i write this post, SPY trading over that big 206 resistance. So it will be tricky day at open. As usual no chasing at open. You want to see how Market reacts at the resistance, so wait a bit …
Small pullback in the market after SPY 100 MA was rejected. I wrote on the last blog,”Short term resistance lies on 100 MA and previous support, 204 area. I will be keeping an eye on that level for a reversal”. SPY did exactly that. Still a …
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 …