S&P500 SPDR flattens ...
Updated
June 30th 2020 ... it appears that the BULL has stopped snorting a bit ... a tight consolidation pattern has manifested itself over the last couple of weeks between 299.55 and 307.67 ... and the technical directional indicators have flipped to a BEAR bias ... watching that 300 support level very closely now ...
Trade active
July 3rd 2020 ...volatility on S&P500 SPDR increases on this relatively low volume holiday week ... yesterdays U.S. jobs report got the BULL's raging again as the report surpassed all expectation ... 300 support remained solid ...today testing the key 313.84 resistance level once again ...Trade active
July 6th 2020 ... strong tech gives market enough momentum to break key resistance at top of consolidation channel .... S&P500 SPDR breaks 313.84 watching for 324.00 now... a break through on 324.00 should fill GAP to 331.19 then ultimately to 339.08 provided momentum holds up ...
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