For those of you who follow Ichimoku clouds, SPY is struggling to push through… take a look at the chart below. The basics idea to get out of this is that SPY has tested the cloud (resistance) 4 times this month. If history holds true, the market should reverse down tomorrow. Of course, there is …
Crazy week last week. the markets were taken down in a very decisive manner due to all sorts of geopolitical and political headlines. This is a cash heavy market. I am currently 100% cash and very happy to. The thing about cash is that its the best hedge possible. I have no care in the …
Update after original post – this could help the market tomorrow on possible drop in dollar. Good evening, team Bulls. Yup, textbook technical reversal today. Even with the good earnings reports, the market faded all afternoon on continued worries about the debt ceiling and other issues I’ll get to below. Before I dive into my …
Crazy week last week. Lot of volatility and ups and downs in the market. We saw the market make 3 solid attempts for a bounce only to get faded by the end of the day. That type of action is typical when there is so much political/headline risk in the markets as all rally attempts …