the bear is on a rampage now .... watching S&P 500 support at 420 if breached then watching intra day support levels at 400, 380, 360, 340 .... should have some decent support at the 360 - 340 support band
On the stock market Jan 31 2022 ... the s%p SPY head and shoulders formation continues to play out perfectly .... now watching the key resistance level at the "neckline" ... 462 to 464 resistance band
On the stock market Jan 24 2022 .... A classic head and shoulders formation manifests itself on the S&P 500 SPY. All time high resistance at 479.98 .... Strong first level support band 428.12 to 426.36.
The SPY is testing key resistance today at 453.63, if break then testing 454.05 which is an all time high ...
the market continues its upward inflationary trend this summer as the back ground political scene begins to shake amidst unprecedented events ...
On the stock market Feb 25th 2021 ... FED speak indicated today that they will continue the Bond support program, the market sells off and reacts because of inflationary concerns ... Watching SPY support at around 380.58 and key resistance at 392.23
On the stock market Feb 10th 2021 .... the S&P 500 SPDR takes a bit of a breather this morning after piercing into NEW ALL TIME HIGH territory at that 392.28 level .... while the world main stream media channels distract themselves with impeachment coverage of Donald Trump who is no longer in office ...
On the stock market Feb 2nd 2021 ... bounce off key S&P 500 SPDR support continues today ... now watching key resistance at that all time level of 385.85
On the stock market Jan 27, 2021 ... S&P 500 SPDR sells off today ... it has been testing all time highs now for a while ...it is possible investors are taking profits now to get time to consolidate their thoughts after the unprecedented political events occurring ...
Jan 12th 2021 - S&P 500 continues buoyancy amidst historical U.S. political events ... watching new all time S&P 500 SPDR intra day resistance at 381.49 now
S&P 500 SPDR (SPY) has broken key resistance at the 360 level. This was the top of the consolidation pattern that has been in place for a few months now. A bullish channel has now become evident on the break out.
On the stock market November 24th 2020 - Well it seems 2020 continues the extreme DRAMA going into the last month of the year as a TRIPLE top formation manifests itself today. The PANDEMIC, the U.S. ELECTION and a wild SPECULATIVE market all of extreme historical proportions give some opportunity no doubt. This is for those that can handle the VOLATILITY...
On the Stock Market Sept 22nd 2020 pull back from all time highs as pundits go to cash into the U.S. election ... as well as COVID speculation regarding outcome after the back to school fall season ... watching S&P SPY test 323.28 support now
On the Stock Market September 2nd 2020 - since S&P500 SPY breached the extreme BULL channel on July 24th 2020, pundits generally expected more of a consolidation pattern given the many challenges in the macro economic scene. In spite of that conservative rhetoric the market continued its BULL push and has surprised the majority with continued all time record...
On the stock market August 18 2020 ... S&P 500 SPDR now testing key resistance at the 339 level ... this is not only the historical high the dynamics are also historical in that the macro economic situation is unprecedented ... the pundits and multinationals are all watching the upcoming U.S. election ... the results of this election will no doubt effect Global...
On the stock market July 21 2020 ... the BULL is back ...324.00 resistance level broken today should fill the GAP now to 331.19 then ultimately to 339.08 if momentum holds up
July 13 2020 ... S&P500 SPDR has broken through intraday resistance and should be testing key 324 resistance level soon ..we are in the low volume and high volatility time of year .... the market will need a positive stimulus to give it enough momentum to break through the 324 level ... stay tuned this week
June 30th 2020 ... it appears that the BULL has stopped snorting a bit ... a tight consolidation pattern has manifested itself over the last couple of weeks between 299.55 and 307.67 ... and the technical directional indicators have flipped to a BEAR bias ... watching that 300 support level very closely now ...