Last week IWM opened up and got rejected right away at resistance and there was a LOT of resistance there - the 50DMA being the Main one - being a Downward facing 50 Day Moving Average. Tuesday and Wednesday we continued to get rejected at the 50DMA Thursday we gapped down and dropped And on Friday we opened with a pop to almost the top of the implied move...
Last week we started the week with a run to make new ATH’s and then a drop back down to the 50DMA. New ATH’s on Wednesday and then a gap down Thursday. Watch that red signal line Thursday going into Friday - clear resistance (at the red arrows) We saw resistance at the 35EMA and the red signal line and we dropped all the wan down to the 50DMA. We stayed...
Last week we started the week with a run to make new ATH’s and then a drop back down to the 50DMA. New ATH’s on Wednesday and then a gap down Thursday. Watch that red signal line Thursday going into Friday - clear resistance (at the red arrows) We saw resistance at the 35EMA and the red signal line and we dropped all the wan down to the 50DMA. Friday was...
Not a terribly difficult trading range today. ATH’s above us, 35EMA below, bottom of the implied move 6115 has a previous support. Bearish divergence in strength. 30min 200MA on deck (maybe close to where it crosses the downtrend) if we close under the 35EMA. Pretty bullish setup overall but overbought and bearish divergence. Low volume too which is...
Last week we started the week with a run to make new ATH’s and then a drop back down to the 50DMA. New ATH’s on Wednesday and then a gap down Thursday. Watch that red signal line Thursday going into Friday - clear resistance (at the red arrows) We saw resistance at the 35EMA and the red signal line and we dropped all the wan down to the 50DMA. Friday was...
Don’t take a Downward facing 50 Day moving Average lightly!! Good Game, y’all. Good Game.
Downward Facing 50 Day Moving Average. That is all I have to say. LOL. Yesterday we bounced on the bottom of the implied move for the week and came up from there. So 439 is a level to watch. 1hr 200MA momentum should keep us within the trading range today, but that 50DMA could keep us near the lower end. Have a great weekend, y'all
The top of the implied move today looks intense. Downward facing 50DMA, Downward facing 30min 200 (which is at least above the 50DMA which is an improvement momentum-wise. And the 1hr 200MA. That Gap from yesterday runs through all of that. That area looks pretty mean. 227/228 bear call spreads for sure if we pop up to there.
Today’s Trading range keeps us above the 30min 200MA. We closed above the 35EMA, and that should always be the first level to watch. Support around 533-543 We do have a down gap just underneath ATH’s - watch that for resistance. Nice 10$ spreads naturally today. Red signal line to start, 35EMA still high above the 30min 200 Have fun today, y’all
Today’s Trading range keeps us above the downtrend pivot and above the 30min 200MA. We closed above the 35EMA, and that should always be the first level to watch. We do have a down gap just underneath ATH’s - watch that for resistance. Nice 10$ spreads naturally today. Have fun today, y’all
Today’s Trading range keeps us above the downtrend pivot and above the 30min 200MA. We closed above the 35EMA, and that should always be the first level to watch. We do have a down gap just underneath ATH’s - watch that for resistance. Have fun today, y’all
The 35EMA is under the 30min 200MA (That is a bearish setup to start the day) 30min 200 curling down and the 50DMA is underneath the trading range for the week pointing down also. That 1hr 200MA at the bottom right of the trading range is looking ripe for a hit.
30min 200MA right in the middle and flat. 35EMA underneath it with the 50 day moving average. I always say, don’t go long at a downward facing 50DMA and we’ve been seeing that as resistance and also a loss in strength. Red signal line being tested here as well. Pretty big trading ranges today, definitely got an expansion from options for some reason. ...
Not a terribly difficult trading range today. ATH’s above us, 35EMA below, bottom of the implied move 535 Bearish divergence in strength. 30min 200MA likely on deck Pretty bullish setup overall but overbought and bearish divergence. Low volume too which is driving me crazy but we don’t seem to get any sell off volume. The 1hr 200MA is underneath the...
Not a terribly difficult trading range today. ATH’s above us, 35EMA below, bottom of the implied move 609 has a previous support. Bearish divergence in strength. 30min 200MA on deck if we close under the 35EMA
ATH’s right in the middle and above that uncharted territory with 615 as the top of the expected move (615/616 bear call spreads?) Previous resistance and 35EMA as support underneath us. Red signal line. Bull put spreads 608/607
SP:SPX Analysis, Key Levels & Targets for Feb 19 ATH’s right in the middle and above that uncharted territory with 6160 as the top of the expected move (6165/6175 bear call spreads?) Previous resistance and 35EMA as support underneath us. Red signal line. Bull put spreads 6095/6085
ATH’s and 35EMA are in the trading range. That’s it. Well at the Very bottom is the previous resistance that we broke above. Red signal line here down below. Let’s go