We saw an ugly decline this week, 13 weeks of advance wiped of the map in a few hours. Futures currently in green and I’ve marked yesterday low as “bottom for now”, up to the [...]
SPY was a bit stronger last week than what I had expected. I though stick to plan A which is range trading this week, more or less within the pink box draw on the chart below. There is not much [...]
Everybody have probably noticed, that SPY has made new all-time-highs recently and that we’re in a strong uptrend. The question though is; what is the potential upside right now, is it a [...]
DAX managed to close last week in green once again. This was the 7th positive weekly close in a row. Although it is quite unusual to get this many green weekly closes in a row, it is not a new [...]
This will be a short market update, where charts should speak for itself. If anything is unclear, drop me a line at Twitter or Stocktwits. $VIX as an overlay on SPY monthly chart. When $VIX is [...]
Long time no update and here comes a quick and dirty market update from my point of view. The over all market trend is down, no doubt about that. However, there are several charts that are [...]
A superquick update on the current SPY price action. This year, we have only one unfilled gap on SPY. This unfilled gap is a runaway from ~202 to 212 without any major pullbacks on the [...]
Seems to me that smart money is covering shorts on 60min time frame and that gives somewhat higher odds for a rebound (I’ll perhaps update a chart later with volume action) Below a 60min [...]
A short update with levels. Below 1h SPY chart, 162 (SPX 1620) “should hold” or I’m guessing on more down, even below 1600. I’ve set resistance and target @ ~168 if bulls [...]
First off, 1h SPY (and VIX-SPY with RSI). Bearish trend line is broken, note also the positive divergence on SPY-VIX RSI. IWM has not yet confirmed break-out So, what next? I don’t know but [...]
