szaman Gap up day in market but failed miserably on 20 MA and and previous resistance. If you look at a 5 day chart of SPY, you can clearly see that gap ups have been fading lately. Market still in bear territory, so easier trading has been shorting the gaps as we have doing in our …
No a good day for the market as SPY gapped down below the flag pattern. This is a hard market to do swing trading in. For swing traders its about less is more pick the markets when it gets oversold/overbought and play counter. This is a day traders paradise. You only get so many opportunities …
SPY had it’s bounce after holding that 191 area we had talked about in last blog post. However in terms of daily chart SPY is back within range again. Bearish or one can also call it a neutral zone with not much edge .As far as trading this market, trading the range via shorting the …
Bears came out with vengeance after market failed to take out 8 EMA on daily chart. In shorter time frame Our trusty 30 minute chart closed below that 20 EMA support on Monday. If you were long, that was your cue to exit. Support can only work for so long until it eventually gives in. …
Flat day in the Market with every spike was faded and every dip was bought. SPY in the middle of the chart range with some resistance at round number 200. Tricky spot in terms of daily and middle of chart range but if we dig down …
Big “V” shaped rally in the market after huge sell off, catching many late shorts off guard. As i wrote in the last blog “SPY needs to get back over that 9/20 EMA on 30 minute time frame and close there for Bulls to get some footings.” Bulls manged to close the SPY over both …