szaman Yet another gap was faded again on Friday. If you have reading my blog , in past month ,I have been mentioning , in our chat room shorting resistance and buying support and day trading has been working well and we will continue to do that …
Another down day in market and all indices now below 20 MA. Bears are in control and the chart is now looking like bear flag breakdown.At the same time SPY is in the lower range in a range bound market. So it will not be surprising to see a bounce here.For us in chat room …
Ugly follow through day after reversal candle on Thursday. SPY Over 20 MA was the breakout area and it reversed back to 20 MA and closed below it. Bulls need to defend the market here and get SPY back over to 20 MA 196 area. Short …
Reversal day in the Market after nice 3 day run from 20 MA breakout. Decent action from watch list names. NFLX, AMZN ,TSLA .SUNE provided nice day trading opportunities. As i wrote in last post , with FOMC in play this week , market could easily …
Good showing by Bulls as they were able to push SPY over 20 MA resistance. Spy clearing the flag pattern and approaching 200 resistance with support at 194. Interesting zone here as we also have FOMC rate decision on Thursday. Anything could happen here , SPY …
Slow action in the Market at SPY settling in an ascending triangle formation range. SPY now has short term support at 194 with resistance at 199.47 area. Seems like market is on hold and range bound mode until next week’s FOMC interest cut decision. We are …