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MarketSwingPlayer
Oct 23, 2013 10:50 PM

SPY - Price touched the trend-line and was Rejected Short

SPDR S&P 500 ETF TRUSTArca

Description

SPY - Price touched the trend-line and was Rejected. Price may fight to go back up but will definitely have pullback. Evening star reversal. Bearish engulfing and pullback confirmed on Friday
Comments
MarketSwingPlayer
Probable Price Action on Monday,
MarketSwingPlayer
Price action confirmed down trend and pull back today.
MarketSwingPlayer
Risky: Probably it is best to wait until after earnings announcements to decide direction of price. Market is moving based on earnings. Solid Companies like PCLN, MA. Let's wait for a low risk opportunity.
MarketSwingPlayer
Do end of month fund managers make stock go up? Just curious. If so we may stay up till next month. Any thoughts?
osci
ususally this happens. this time the not so good earning season could influence the market. on the other side, the faster the fonds go up the better and let after that move all come down and rest...just thoughts. i use this link collection to get a bigger overview what happens:

stockcharts.com/h-sc/ui?s=$NAA150
stockcharts.com/h-sc/ui?s=$NAA150R
stockcharts.com/h-sc/ui?s=$NAA200
stockcharts.com/h-sc/ui?s=$NAA200R
stockcharts.com/h-sc/ui?s=$NAA50R
stockcharts.com/h-sc/ui?s=$SPXA150
stockcharts.com/h-sc/ui?s=$SPXA150R
stockcharts.com/h-sc/ui?s=$SPXA200
stockcharts.com/h-sc/ui?s=$SPXA200R
stockcharts.com/h-sc/ui?s=$SPXA50
stockcharts.com/h-sc/ui?s=$SPXA50R
MarketSwingPlayer
Thanks! :D
MarketSwingPlayer
Price touched the trend-line and was Rejected. Let's see if another attempt to highs before shorting.
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