ballhawker

ballhawker

Neutral right now, waiting to see if this stays in the wedge or breaks to the upside.

ballhawker

10dma under 20dma now. Look Out Below. (unless this March rally can be sustained for another 2 weeks, which I highly doubt. All Cash.

ballhawker

Three dojis on 15 minute chart tells me this run is about done. Still can't break through the resistance of the multi-day rising wedge.

ballhawker

Will it break through? Also testing 200dma

ballhawker

Backtested underside of rising wedge today. Sneaky Bearish. Look out below.

ballhawker

$SPY Last time the 10 month moving average crossed under the 20ma happened was in May 2008. We all know the rest of that story. Also, the high this month has so far hit resistance on the under side of the 10 month moving average. If it can't reclaim that level as support, it's going to be a very long spring and summer for bulls.

ballhawker

Couple of nice bottoming tails on the Jan and Feb monthly bars. Squeezing in March so far. Major support at prior resistance around 33. IF it breaks and holds $40, then look out it could go on a monster run.

ballhawker

I think the top of horizontal channel will be tested, if not the bottom of the rising channel. Then it may be lights out. :)

ballhawker

MACD crossovers on the monthly chart have been a reliable indicator of impending trend change (long term). A downward crossover happened last month, indicating that the odds of a correction have increased. For me, it means "Risk Off" until I see an upward crossover. Until that happens, I will be in cash. Consistently using this long term indicator would...

ballhawker

$SPY and $IYT do not appear to be in alignment right now. $SPY struggles to break through 185 and fails multiple times while $IYT cannot come close to even matching the early January peak.