spdr

The Financial Select Sector SPDR is trading within t 1D Channel Up (RSI = 64.631, MACD = 0.090, Highs/Lows = 0.4050) and todays pull back is only a technical reaction to the RSI approaching 70.000 on 4H. Both the MA50 and MA200 are supporting which is a very bullish development. Our TP is 29.10. ** If you like our free content follow our profile...

almost completed bearish cypher pattern on SPY. Entry - 2916.0 Target 1 - 2857.0 Target 2 - 2820.0 Stop - 2980.0

for those who missed short from the top, here is another very good option! we have a completed head and shoulders pattern. just wait and sell bearish breakout of a neckline 2916. Stop - 2950 Target 1 - 2878 Target 2 - 2824

Bounce Complete, now lets Peg the top too. I have decided to go with the pitchfork type drawing today to show that at the end of everything for a year and a half we have been oscillating around this ascending channel if you will. This channel is not a pattern of itself but it is following a bullish breakout that rose almost 100% in price over 6 years. Now,...

As a trader, I have been trained to see things in probabilities because nobody can tell the future but over years through Technical Analysis and learning to trust my gut, I found that I can find the most probable outcomes with an 80% certainty. If you appreciate my analysis and would like to see more please give me a like, follow my page and I will keep you posted...

break and close below 2800 neckline. now I anticipate bearish continuation to lower levels.

In my last analysis, I explained that were within a pennant formation. we have since broken down out of that pennant and successfully backtested it as resistance. So far resistance has held, and so we are rejecting until we get supported. Price closed right on our horizontal Support for this move. This makes it its third touch at this extremely important...

Considering the past year of consolidation and perpetual weakness in this market I am watching for an impulsive break down of this pennant. If we do break up, then I would be very cautious as it could very well be a bull trap breakout, where it reverses and breaks back within the structure. A conservative measured move from our initial selling leg would...

Back Testing Ascending Channel. Running into Horizontal Resistance At the resistance of Spy Tops ( Light Blue) With the Market Cycle Conditions and seeing the confluence of resistance all coming int at this area, I would say that this bounce is all but played out. I would expect to see the selling to resume shortly. When we do reverse I would expect us to hit...

Since the top, we have been selling off strong, yet in an orderly fashion. In doing so we have broken out of our current Ascending Wedge and Channel. While our break was violent in volatility terms, it wasn't an impulsive breakdown... yet. My read on this tape is we broke our Ascending Wedge and Channel and Friday we attempted a retest of the bottom...

Potential To reject the backtest of the Ascending Channel's outer limits. This could generate more selling down to 280 for local (short term) support. I the arrows on the chart had been drawn in on my last post's update (attached below) At this point, I have already expressed my Technical Reasons in previous posts for thinking we are in a bear market. And we...

XLV pulled back sharply largely to do with a knee-jerk reaction to the Dems ‘Medicare for all’ (ie Europe-style government health service). Contrast this to the general Dec 2018 market collapse, and we see - a 7.2% W1 rise - a 50% W2 pullback - a W3 repeating the move, and running to the 1.618 fib The price carried on after December, but just anticipating a...

Just a repost of my final chart from my previous analysis, seemed relevant. + please click the attached analysis from last week for more details.

This is not financial advice just a matter of debate. We Broke through ATH's on SPY today. We did not get a large buying spree though. We instead have consolidated right above this highly watched ATH. We are creating an ascending wedge which typically breaks to the down. If we get back below ATH which is only .11% below us, then that would be a rejection of...

Near ATH. Earnings Catalyst (half way through) "Buy the hype sell the news" Back test of 4 month support line Falling back within our ascending channel & Ascending Wedge Potential Blow off top yesterday It is possible to selling pick up soon from here. It all depends on what kind of follow through and volume we get from here, but to me any area up here is...

hey traders, on this chart I want to show you a decent example of a "volume divergence". as you see the market is in a clear bullish movement and approaches the all-time market high. analyzing the volumes you can notice very weak green volumes during bullish days and rising selling volumes during NOT VOLATILE bearish...

Just a simple pattern with all of the extended hours of trading printed on the tape. I had been using this chart in my trading, but for some reason, I hadn't posted it yet for you all to see. The details shown in this really makes the SPY chart make more sense, and come alive. When you can track what happens at night you simply get a better picture; the devil...

The big moment of truth is finally before us. From these high levels, the next few years will be determined. Rejecting from here does not prove anything. Even, the bulls are looking for a healthy correction to regain the momentum for SPY to raise up like a cobra and strike (Ref: crypto legends). Now, we are "Melted Up" like crazy. In fact, a little too close...