SPY needs to rise above 212.75 to break out of the topping pattern:
Market Breadth Data******************************
Thursday, July 30, 2015
Tuesday, July 28, 2015
Friday, July 24, 2015
$SPY Angles and Retracement levels
For most of 2015 SPY has been finding support around the 50% retracement level:
(Chart courtesy of Gann 9)
Wednesday, July 22, 2015
$AAPL Price Target Update
Judging by after market reaction AAPL is not going to disappoint, and is going to deliver the usual post-earnings wild action:
The stock has been trading in a box since February of this year, and this is not likely to change any time soon.
The stock has been trading in a box since February of this year, and this is not likely to change any time soon.
Monday, July 20, 2015
$SPY Target Update
The e-mini hit its upside target to the tick:
All eyes shift to AAPL which has a history of wild swings before and after earnings reports:
In the meantime, Gold is racing to its 925/92.5 target:
All eyes shift to AAPL which has a history of wild swings before and after earnings reports:
In the meantime, Gold is racing to its 925/92.5 target:
Thursday, July 16, 2015
Tuesday, July 14, 2015
Monday, July 13, 2015
$DIA and Market Sentiment
As noted before, market breadth has been exceptionally strong the last couple of days, which is reflected in very bullish sentiment readings. As a result, all longs are in:
$SPY Pattern and Trend
The SP500 filled the June 30th gap and is currently trading above the key 209 level accompanied by very strong market breadth:
Next upside target is 212.
Next upside target is 212.
Sunday, July 12, 2015
SPY Weekly Trend
The market remains news driven and by the looks of it, the Greek drama will drag on for at least another week:
The weekly SPX breakout/breakdown lines are clearly defined. An easy way to follow the daily moves inside the weekly support/resistance zone is by drawing the correct SAR angles:
The weekly SPX breakout/breakdown lines are clearly defined. An easy way to follow the daily moves inside the weekly support/resistance zone is by drawing the correct SAR angles:
Friday, July 10, 2015
Thursday, July 09, 2015
Wednesday, July 08, 2015
$SPY Targets
$SPY Pre-Market Action
Another day, another retest of the 2015 break-even level for the e-mini:
Thank you Greece and China !
Thank you Greece and China !
Tuesday, July 07, 2015
$SPY Pattern and Trend
SPY fighting hard to get back within the box. It's also encouraging to see that the '15 lows are holding:
:
:
Monday, July 06, 2015
$QQQ Box Trading
Qs and the major averages remain stuck in the Greek referendum box, with clearly defined support/resistance levels:
Everything in between is just noise. Unfortunately, those who think that the referendum will bring a speedy solution to the crisis are sadly mistaken, and the uncertainty will keep pressure on the markets.
Everything in between is just noise. Unfortunately, those who think that the referendum will bring a speedy solution to the crisis are sadly mistaken, and the uncertainty will keep pressure on the markets.
SPY and Varoufakis' Resignation Rebound
The futures bouncing off the April '15 lows on news of V's resignation, currently trying to break even for the year:
Sunday, July 05, 2015
$SPY First Half of 2015 Update
Of all the major averages only the DJIA is trading below the close of 2014:
Sentiment readings more or less reflect the 50/50 split pre-election polls in Greece and suggest that traders are hesitant but not panicky ahead of the OXI/NAI vote:
Sentiment readings more or less reflect the 50/50 split pre-election polls in Greece and suggest that traders are hesitant but not panicky ahead of the OXI/NAI vote:
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