Looking for support and resistance lines? Like the idea and follow me for intraday SPY commentary! Happy Friday! Yesterday was a wash for the bulls, and Wednesday was a wash for the bears. So, little bull trap, little bear trap. On the daily we're getting consolidation. Bulls defended 332.5. Bears defended 342.5. Thats the channel that the market is working...
Looking for support and resistance lines? Like the idea and follow me for intraday SPY commentary! Happy Thursday! Yesterday was a little bit of a wash for the bears. Gap was filled by the bulls. Bears made a late appearance slightly to test the hourly support line. Lets take a recent historical event similar to this. June 8-11th there was a -6.99% drop Sept...
Looking for support and resistance lines? Like the idea and follow me for intraday SPY commentary! Happy Wednesday! Hump day. Middle of a down week. What's expected? Couple scenarios: 1) Bear flag continuation. Target 324ish 2) Tag & Reverse at weekly S/R of 332 3) Gap fill (342.3ish) - Get near bear flag channel top (345.41) - proceed down 4) Miss gap -...
Looking for support and resistance lines? Like the idea and follow me for intraday SPY commentary! Happy Tuesday! Four day week. What's likely to happen? Looks like the bear flag from last week is manifesting and there's some gap filling going on this week. Between Thursday and Friday, 2 gaps were filled. But theres still more to go. Re-evaluating the chart...
Looking for support and resistance lines? Like the idea and follow me for intraday SPY commentary! Happy Friday! Biiiiig pull back yesterday. Impressive that the selloff broke through soo many supports. To be fair however, A lot of the supports established to this point had not had a long history, or were tested very hard. Being that today is Friday, the...
Looking for support and resistance lines? Like the idea and follow me for intraday SPY commentary! Happy Thursday Bulls running strong yesterday. Going into a labor day weekend they have the inclination to finish strong. Reminder the market is close Monday. Normally into the holiday's the market like to stay higher. But lets see what the charts say... ...
Looking for support and resistance lines? Like the idea and follow me for intraday SPY commentary! Happy Wednesday! It's mid week and the rise is non-stop right now. No one know when the bulls run out of steam but they have been saving the days quite well so far. Timing the 'big drop' is not very easy, as the bulls have demonstrated. The best course of action...
Looking for support and resistance lines? Like the idea and follow me for intraday SPY commentary! Happy Tuesday! Turnaround Tuesday. Yesterday had some sneakups from the bears. The market is losing some gas above 350. Expecting a collapse? Not really. A pullback would make more sense. Where to? First, the breakout a 344.6. Whats the sign there wont be a...
Looking for support and resistance lines? Like the idea and follow me for intraday SPY commentary! Happy Monday Bullish is the trend. The trend is your friend...until it's not. Getting through 350 seemd to be too easy on Friday. I suspect there to play more play around this number. We will find out today... Graveyard Shift / Morning Crew Graveyard Shift:...
Looking for support and resistance lines? Like the idea and follow me for intraday SPY commentary! Happy Friday Rescue squad assemble! Bulls came in after a surprise dump by bears in the afternoon. Didn't drive up to the psychological 350. but kept float above 348. What's to be gained from this knowledge? Bullish. Bulls really taking cautious steps to 350....
Looking for support and resistance lines? Like the idea and follow me for intraday SPY commentary! Happy Thursday! Up up and away is the phrase to follow. The Fed has a speech at 9:10 that the market is anticipating some news. This will, as always, cause a violent reaction one way or the other. Bulls are still looking ahead, with 350 in their eyes. Be weary...
Looking for support and resistance lines? Like the idea and follow me for intraday SPY commentary! Happy Thursday! Wow! Hump day was definitely a a show stopper for the bulls. Today is a follow thru for the bears if this reversal is serious. We'll see it live in the hourly chart. Graveyard Shift / Morning Crew Graveyard Shift: Kept the float going into...
Looking for support and resistance lines? Like the idea and follow me for intraday SPY commentary! Happy Wednesday! Some energy building up near this all time high. The bulls have already set a new intraday high and would like to close a new high certainly. Graveyard Shift / Morning Crew Graveyard Shift: Kept the float going into the close. Nothing to...
Like the idea and follow the chart for free SPY commentary all day! :) Happy Hump Day. Yesterday i was almost caught eating my words on this descending triangle. Bears came out moments before the closing bell though. Last week we had a very nice wedge formation that broke down and has become a descending triangle. This week seems set to either confirm or reverse...
Will these averages contain the feud! Our contestants have been battling for days. It's an all our war in the ring. And that good-good-for nothing Powell! He had the world's ears wrapped around each breath and he couldn't sway our heroes' fates! Well folks, how far will the see-saw swing before it breaks!? Which candlestick wick will whip this camel's back into...
Note: Red lines are the Weekly levels Black lines are the Monthly levels Yellow lines are Daily levels Your comments are very welcomed Comment: **Disclaimer** the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions
TVC:EUBUND Hello dear trader, first of all thank you for reacting to this analysis proposal with a like or a comment if you agree or if you have corrections to add! We have a ascending triangele in formation REASON OF BEARISH: 1- PRICE ACTION AND REJECTION OF THE RESISTANCE 2-RSI ABOVE 70