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 [...]
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 [...]
We had a strong rebound from “magical” 1600 + EMA50. Below a chart guesstimate on daily SPX MA20 is now first resistance and I estimate that it will not go straight through. Close [...]
Although I more or less hate the word “over extended”, I use it since it describes quite well a situation when the market has risen too much too fast. So you say, is SPX over extended [...]
MA20 is “providing” better support than I thought, 2 bounces of this “level” so far. My best chart guess is that IF this level doesn’t hold, we could go down quite [...]
You short term swing and day traders will have a tricky week next week I feel. Probably more volatility which is “good” though. SPY 1h chart, I’m guessing on a rebound but then [...]
Not much writing but here comes some charts. First off SPY daily, good positive volume flow. Getting far away from its daily moving average 200 though. IWM daily, also very positive volume flow. [...]
I’m afraid of saying “market top” but I’ve got signs of volatility ahead and guessing that volatility will play out in favour for the bears. Price pattern is bullish [...]
