Market looking for direction
Since the beginning of the month, stocks have struggled to maintain their position above 4200, and the $SPX has slipped below the previous breakout level of 4100. There has been back and forth trading, rendering 4100 as useless as support or resistance. A close below...
Can Jan 2023 Bull Rally last ?
The stock market has been fluctuating between minor support and resistance levels this week, creating a wider trading range. The market is awaiting a breakout in either direction. The double resistance on the upside is at 4100, where the market previously topped out...
5-2-22 SPY Chart Analysis
Failed Bear BO at 9:45 am Bulls tried to close at around 415 Trading range from 11 am till 1 PM Bear BO at 1 PM 4 legs push down (H1, H2, H3, H4) Buy signal and Bull BO at 3 PM ( BTC - buy the close market rally ) ; Buy for any reason Bulls saved the day and closed...
4/18/22 – Weekly Update
Market Summary • The markets were fairly volatile last week with Wed trading up and Thursday back down. Inflation and future interest rate hikes continue to weigh on the markets. The 10-year yield continues to run higher and seems to be heading toward 3%. • $SPX is...