There has been a lot of speculation about where SPY is going next. I believe a significant correction will happen in the near future. However, today SPY is creeping back into the strong uptrend it once had. Looking at chart patterns, SPY is building momentum once more and will be hitting another yet another all time high.
A quick look at the chart shows that NAPCO has quite a bit of room for possible growth. There is a strong uptrend that doesn’t seem to be slowing down at this time.
I am going to be watching to see if it stays above that $20 level ideally and continue its trend upwards.
This company provides vital equipment for burglar alarm and fire alarm communications. As...
Looking at the previous patterns and seeing VYM has bounced off the 200 EMA on multiple occasions, I am going to be looking out for another move to the upside pushing around that 137 level.
Looking like spy is going to try to push back to 582 today, I’m keeping an eye on that level and I’m gonna look for the price action either up or down.
This is my analysis on GBPUSD on the 15 min chart. Using EMA 200, Parabolic SAR and the RSI we can see some trends starting to form. You can see starting on September 28th GBPUSD went down over 300 pips within 2 days.
Since then, the stock has now risen nearly 200 pips and I think that it will rise another 100 pips more. So i placed a buy at 1.36010 and a take...
