DCTrading

DCTrading

We're currently holding the top end of the April advance despite a pullback this morning below yesterdays low. Tracing back onto consolidation will have us target 209. Reestablishing yesterday range will have us target 211.04 50D SMA Green 200D SMA Red

DCTrading

1st upper level is 210.63 1st lower level is 209.71 (the green arrow zone) Price is above yesterday high in the pre-market and above the top blue trend-line. Holding this zone targets 210.63. Under yesterdays high will target 209. 50D SMA Green 200D SMA Red

DCTrading

1st upper level is 210.63 (yesterdays high) 1st lower level is 209.00 Price came back inside the upper blue trend-line yesterday. Above yesterdays high targets 211. Under 209 targets the green 50D SMA at approx 208. 50D SMA Green 200D SMA Red

DCTrading

1st upper level is 210.09 1st lower level is 209.19 Price pushed on the upper blue trend-line on Friday and is currently trading slightly below it. Past Fridays high targets 211. Under the trend-line targets approx 209.19. 50D SMA Green 200D SMA Red

DCTrading

1st upper level is 209.80 1st lower level is 209.19 Price broke above consolidation yesterday. Continuing to hold over the 209 area targets the top blue trend-line. If the breakout fails we will watch for support in the thickly settled 207-208.50 range. Continuing to watch Oil, the FTSE and small caps for move clues. 50D SMA Green 200D SMA Red

DCTrading

Slightly adjusted ranges from yesterday. Upper levels are 208.76 - 209.00 Lower levels are 207.00 - 207.50 Watching Oil and Nat Gas (NG report at 10:30am EST). Looking for confirmed breaks outside of the consolidation range for a potential two day move into the thick wedge trend-lines in blue.

DCTrading

Events to watch - 10:30am - Petroleum Report - 2:00pm - FOMC Minutes - Alcoa EPS post market Upper levels are 208.76 - 209.00 Lower levels are 207.24 - 207.50 Beyond those levels we are watching the wedge trend-lines in blue. 50D SMA Green 200D SMA Red

DCTrading

On the upside, we are watching price in the top end of yesterdays range between the 50D (in green) and 208.50. Above that, 208.90 offers resistance before the top trend line (in blue). Below the 50D, 207 and yesterdays low give us reference points to trade against. 50D SMA Green 200D SMA Red

DCTrading

Trade Plan SPY Update 4/2/15 We're watching the range between approximately 206.50 to 204.50 at the bottom of the upward trend line. Inside that range, 206 and 205 give us good points of reference to prepare for a trade if the price reaches those zones.

DCTrading

Possible H&S inside the consolidation. If this resolves lower and confirms, it measures to approx the 200D SMA. Its still not confirmed so we are not trading it just yet.

DCTrading

SPY in a thickly settled zone between 206 and the lower trend line. Updated levels as we watch the pivot high at 206.

DCTrading

Watching support on the bottom trend line. Above that we are looking at 205.60. Below that we are looking at 204.

DCTrading

We're using 206 and 209 as our reference points outside of yesterdays range. The post / pre-market trade has already bounced off the bottom trend line and is now testing yesterdays low. Below the bottom trend line we are looking at 204 and the 200D SMA.

DCTrading

Closed short on the quick spike.

DCTrading

Looking for a short here with a move down through 207. Any significant hesitation at that level, we will close.

DCTrading

The trade keeps tightening inside yesterdays range. Looking for it to resolve before we enter a possible afternoon trade.

DCTrading

Closing SPY morning longs here. Waiting on consolidation to re-enter.

DCTrading

SPY building a base off yesterdays low and back above the 50 day. Light long here for a grind higher. Stopping out with a move against yesterday low. Watching IWM, FTSE and USO for clues.