Just chilln at the bottom of long term trend line looking real weak. Was expecting more life from it when touching support and being oversold, but not much has happened. We'll find out soon enough which way she going. Lot of potential upside so keep an eye on it.
AMD been bouncing off this channel support beautifully, but unfortunately has dipped below the 50ma and has recently started to respect it. It still ended the day strong breaking upwards well above vwap, so it could keep going but I doubt it. If it continues to get rejected by the 50ma it will dip to test 89 again. Possibly lower after that. Good news is this is...
Spy living on the edge again. Printers tried to keep it above vwap at Friday close but was denied. Dipping below the MAs sets the direction down to lower levels. Expect it to eventually hit below 350. For a healthy dip, and a continuation of this vaccine pump, would like to see spy hold the 200ma on the 1hr (orange) around 347ish. Anything after red could get...
After bleeding for couple weeks SPY found support in the low 320s. All the red days has made it oversold on the daily and with the rally eod friday we made a nice pop above vwap. Wouldnt be surprised if we had a lil bounce monday. Maybe touch the 20ma on the hourly around 329ish. However, the volatility indexes have been climbing and riding MAs the past few weeks...
Wayyyyy overbought. The party is over for this guy. Gotta at least take a shower and clean up before the next rager. Expect it come back to reality and hit the 20ma around 170ish. We'll see how he looks after that.
Spy still trying to maintain upward momentum after getting rejected from the 200ma. It bounced off the 50ma on its presidential dips and is keeping up with 20ma & vwap quite well. Expect it to test the 200ma again around 337ish. Will it break through? With everything thats happened in 2020 you'd think it wouldnt, but in this clown of a market who the fuck knows.
After several days of red this bounce was obvious. Dark Pool prints came in at 323 yesterday and today at 327 pushing it all the way up to the 20ma at 330. Be cautious at these levels: we are at previous support, SPY is overbought at 5min and above timeframe, and this rally was done on low daily volume we havent seen since last year. Trade wisely
Spy still respecting 200ma and couldn't break through resistance at 342 causing this channel range. Look for it to bounce between support and resistance for the time being. Expect it to bounce to the 50ma around 338. After more failed attempts to break upwards, look for next support around 326.
After the recent drop, SPY found support at 330 and has been rejected by the 200ma several times at 340, and later even lower by the 50ma. However, it still has time to make it over and find new support above 340. If it doesnt, bulls will be in trouble. The next few days will be important to establish new long term trends.
