S&P 500 SPY tested and held support at 584 ... now today, Nov 26th ... testing and piercing into new all time high territory again at 600.86 .... could we be into a consolidation period going into the Christmas season or will it break into new highs going into low volume traditional holiday season ... 2024 is by no means a typical year ...
All eyes were on the U.S. election ... now that the speculation on that outcome is over it is just nitty gritty market from here eh ... lol The 600.17 new all time high set on Monday Nov 11th is worth watching now ... will see how far the election boost goes.
- S&P 500 SPY raging BULL took some breathers in the first half of 2024 ... 524.61, 533.07 and now testing and breaking 550.28 ....
S&P 500 SPY testing all time highs daily ..... just does not seem to know where the resistance levels are ... just the sign of the times these days eh ....
Santa Claus hands off the baton from the "Santa Claus Rally" to the the fastest runner in the "Trump Rally" .... watching new all time highs on the S&P 500 SPY at 502.97
S&P 500 SPY tested 459.44 back in July of 2023 the resistance held and SPY has sold off to the 409.21 support level on Oct 27th at which time said support held .... now in less than two months we are back testing the key 459.44 resistance level of July 2023 ....
S&P 500 SPY continued strength continues into the American Thanksgiving long weekend ... now anticipating a test at that 459.44 resistance level which was last tested back in July summer of this year 2023 ...
Watching S&P 500 SPY test 451.70 resistance ... consolidating today
S&P SPY 500 break ... now testing intraday resistance at 440 ... if it breaks then watching resistance buffer 442.46 to 443.81 ....
S&P SPY bounce off key support 410 continues on FED interest rate policy ... now watching key SPY intraday resistance at 431.67 ....
S&P 500 SPY continues to test 435 resistance .... which is the neckline of the formed Head and Shoulders pattern ....
S&P 500 SPY continues to the downside today while testing the 425 support level ... if it breaches then watching 420 .... upside resistance buffer at 432 to 433 ....
S&P SPY sells off this week as the market got spooked about high interest rates and the U.S. Government shutdown .... SPY testing support at 431.19 now ...
Back to work the macro economics coming into play on the market as everybody is back to work full throttle ... S&P SPY testing key intraday support at 443 now ... expecting more Volume now as we move out of summer season and into final quarter of 2023
Expecting more volatility as FED Chairman Powell speaks .... watching intraday resistance 444.18
S&P 500 SPY breached 446 now testing 436.62 .... if breach then watching 431.19 key support level ...
Tis summertime people are on holidays low volume on the market brings lots of volatility ... when the kids are back in school everybody will be back to business as usual .... support being tested at 446 now on the S&P 500 SPY .....
S&P 500 SPY breaks 451 halfway through reporting season .... now watching the key 462.07 resistance level ....