SPY closed the week on a tare northward. Now the daily notes SPY at the top of the current trend channel. Futures also note top of channel and opened slightly off of Friday's high. While not excepting a complete floor drop, come consolidation would provide a chance to pick up some more during the short price hold. AMEX:SPY
Looking for SPY to cover yesterday's gap but recover. Possibilities to pick up some more.
SPY treated everyone with not only a jump above all time high but sustained gains to close in the green for yet another all time high. While some sell off is to be expected, due to people taking profit at all time high, with the DXY having a slight slip and the market in holiday tomorrow; expect some volatility come market open on Monday. AMEX:SPY
SPY held the lower trend line and challenged all time highs prior to a slight pull back, but remained positive for the day. Still keeping watch as price action continues to challenge highs with one rejection over this week. Over night futures started slightly low and will be the deciding gauge for tomorrow's open. AMEX:SPY
Yesterday's price action, while uneventful, stayed above the trend line and the HMA as well as inside the previous days bar. Premarket is just slightly positive so far. Waiting for something to happen, with figer on button.
SPY held yesterday above trend line but didn't make higher highs. Premarket is down a little but still above. Watching for a break with trigger finger ready if needs be.
Trend lines still holding, but hovering around the bottom channel again today and below the MA. Watch carefully and keep that clicker finger warmed up if its breaks below the channel lines.
Green bars and holding above the 13. Next round of payments on the way. Looking for some more green days
Well we ended last week with a little scare but price action bounced off the cloud and back into our channel, solidly staying above the HMA all week. Now with almost 2T USD stimulus package coming out, expect to see the market head higher. Injecting the economy with more debt only makes prices go up. Remember the trend is your friend as long as you are on its...
AMEX:SPY While the SPY closed down today and closed below the HMA, it is still inside the upward channel, above the cloud and all signals/assessments from yesterday are still valid. With the news floating the possibility of FED reinstating Operation Twist, expect SPY to meander in the general upwards direction.
Looking at Daily chart for SPY notes the 09Nov2020 SuperTrend BUY signal is still in play. The Ichimoku Cloud is green and price action seemed to use the Senkou span A line as support on 29Jan2021 and 26Feb2021. While SPY closed today down 3 points it was well inside yesterday’s action and stays in the middle of its upward channel, while remaining above the 13HMA....
OANDA:GBPUSD GBP/USD 4hr & 1hr holding above S1 daily pivot with price action now crossing above the 21HMA possible buy signal on the way.
SPY opened with a sell off and fell to S3 level before the FED claiming everyone down and rallying up to the weekly pivot. Picked up several PCS expiring over the next week for 0.65. Expecting SPY to hold around the 388-390 levels. 1HR chart notes SUPERTREND in green and after FED speech, price action crossed above the 21MA AMEX:SPY AMEX:SPY
With Oil (gas prices) on the rise and the recent winter storms in Texas slowing production, a long with announcements that demand for oil is increasing; USO turned green on on the last hour of trading. Entered a 41/40 PCS for 0.23 3 DTE below the daily low. AMEX:USO
ETH rejected from 2000, now is caught up in the middle of daily, weekly, monthly pivot points along with a flat VWAP and bearish supertrend. COINBASE:ETHUSD
Price action has stalled for the past couple days but remains above the 9SMA. Sold a 30 delta PCS at 330 with 10 DTE. Looking for 50% profit to close. AMEX:SPY
Second day of price action with full candle close above the 9SMA. While RSI is in overbought temerity, the MACD is noting increasing momentum. Sold a 1.00 wide 18 delta PCS at 150 with 7 DTE. Looking for at least 50% profit before closing. AMEX:IWM
USO signaling consolidation on the MACD. RSI remains flat, in the mid to upper 50’s, for the past couple trading days. Price action using the 9SMA as resistance and nothing foreseen this week to cause a spike. Sold a 5DTE 31/32 Call Spread for a quick weekly trade. As always, looking 50% profit to close trade. AMEX:USO