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SPY has a lot of negative sentiment going into this week. I am bearish on SPY for the short term, SPY Support of 272 appears to be strong. R 295 S 280 S 272

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As previously mentioned last week's Speculation, SPY was not able to hold above 285 despite strong bullishness above 290. Going into a new week, markets will be digesting earnings, Coronavirus treatment, and the relaxing of stay at home policies. This week will be a test of SPY support of 272. Bulls will try and hold support, bears will fight to get below...

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If SPY is able to hold above 285 this week, I would be surprised. I speculate that SPY will test support and previous lows in the area of 275-270. FYI I am bearish SPY, I am not holding any positions. R 287 S 272

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Keeping it simple. An ascending triangle formed last week, Monday, April 13th the SPY is down -2 %. The rule of thumb explained by Dr. Alexander Elder in his book Trading for a Living holds true. Institutions sell at resistance while retail traders are buying, and the opposite is true, institutions are buying at support while retail traders are looking for the...

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200 EMA tested, bulls will have some tough choices to make next week.

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KHC has been trending down since 2017, 25 is the next relevant area of support if broken 20 is the next area of support.

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SPX looks like it will test 3000 range this week, bulls need to be cautious while bears will be ready to short the 3000 area if given the chance. The market tends to get a bump during holiday spending season, and with China-US easing trade war tensions, I would not be surprised to see new all-time highs in late December. Short Term Long.

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Housing market debt, political turmoil, war...? No body knows. Bull market getting old imho.

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On the sidelines for now, been waiting 365+ days for a bear market, still waiting.

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Market has been trending down since May, price has continued to find new lows; until support is established, I'm bearish.

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Average bull market lasts 5 year with a 175% return on average. This market has gained 325% since 2009, getting long in the tooth. Average bear market decline is 32%. Time to start getting ready imho. No one has figured out how to time the market, so we draw lots of lines connecting the dots we hope makes us the money.

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SLV Support 16.66 & Resistance 20

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I only want to be aware of where price has been in preparation to trade when the market is ready to move. In the business of trading for a living, we have to avoid becoming emotionally attached to a prediction.

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The range is between 18200 and 17681, a lot of potential for day trading. If trying to position trade, there is a lot of sideways price action to contend with, I am biased to the upside for my own long positions. *Pundits calling for correction, could this be it?

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An improving economy/bullish sentiment to push VXX lower.

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Long FCX Aug 21 Call, short term trend line looks bullish

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Biased: Long DIA JUN 30'15 181 CALL

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Below 103 and I will quickly flip camps