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 Wednesday! Gap and go is the name of the game right now. It's the nortorious hump day and we get to see if today is a big hump or little hump for the bulls. Bulls are fighting to close higher everyday. Bears coming throughout the day and trying to break the...
Looking for support and resistance lines? Like the idea and follow me for intraday SPY commentary! Happy Monday! Gapped to all new highs. Playing a tight range this morning. Leaving hesistation to the masses. Really need to be watchful of important new S/R numbers the market decides to make. Tough to make a definitive call until this happens. Graveyard...
Like the idea and follow me for intraday SPY commentary! :) August Wk 4 Thoughts The market is now in new territory. Until there is a signal for a trend change 1) Weekly Time Frame Decreasing volume movement overall. On a 4 week green streak. The prices up here have no history. So its best to anticipate anything. 2) Daily Time Frame Got a gap from...
Looking for support and resistance lines? Like the idea and follow me for intraday SPY commentary! Happy Friday! Getting some uncertainty signals from the market yesterday. Had a close above the all important number...337.6. This is the battle price. Will the market set a new weekly close high? or will she fall short? Bull Case: Wednesday we closed below...
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...
Unfortunately i won't have time for commentary this morning. But i will provide a redone support and resistance chart. Solid lines have heavy weight than the dotted ones Looking forward to the normal schedule next week. Market is showing signs of weakness today. it is a friday, so expecting a surprise one way or another. Good luck trading!
Looking for support and resistance lines? Like the idea and follow me for intraday SPY commentary! Happy Wednesday! Yesterday had the makings of a reversal, and so it was. S/R lines were pretty much on point. Today will either be a confirmation or it will be just a fake out. What would need to occur to confirm the reversal? Closing the day below 331.5 ...
Looking for support and resistance lines? Like the idea and follow me for intraday SPY commentary! Happy Tuesday! Got a nice long wick off an uptrend. Normally a sign of reversal time. Any supporting evidence for this? Perhaps... Bull support 1) Market in uptrend 2) Price is above 20, 50, 100, 200 SMA 3) Ascending wedge formation 4) Holding price above 335...
Looking for support and resistance lines? Like the idea and follow me for intraday SPY commentary! Happy Monday! Not much history to prep with today. Got some lines up. Will add more in commentary as they develop. Graveyard Shift Nothing of note with the cleanup crew. The morning shift tapping on the 335 door. Let's see if the day crew can hold it up. ...