SMP99

SPY Mon 10-6

AMEX:SPY   SPDR S&P 500
spy
10-6-14: Continuation of the Thu/Fri bounce may be the path of least resistance early on. But I am a bit skeptical of how far the bounce can carry. Levels I'm watching and deem important are marked. The market did break out and close above the old trend line from the ATH's and that should help short term. Should market continue up today, the 198.28 level may be a cause of resistance short term.

targets above: 198.28, 199.60 , 201.14
targets below: 195.75, 194.60
Futures trading nice and steady at the moment. No economic data being released today so not sure equities would move much in either direction IMHO.
Reply
SMP99 giankee
we've moved up 50 pts on S&P in basically day and half...so could be chop for the day. possible retest of the downtrend line we broke out of.
+1 Reply
giankee SMP99
I'm with you on that but given the nature of this bull market, a day without economic data usually means an up day. Would like to see a retest of the recent downtrend line myself too. I'm more inclined to think S&P is aiming at the recent highs again though not as easily as it went last time (August rally).
Reply
giankee SMP99
Tested the trendline and bounced off of it. Quite a bit of a range today. I'm bullish biased if we close above the 5-day SMA.
Reply
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out