NAPit

NAPit

I'm expecting a decrease in price in the following week. Green rectangle is a buy zone. I do most of my charting in a different platform, so you can't see all the information I'm basing my decisions on. But even on this chart you can see that $8.50 corresponds with major support, and is a good place to buy, in the bullish case.

NAPit

This is a 1 min chart of SPY for this past week. Arrows represent (somewhat) heavy selling/buying. Heavy selling is usually a sign of institutional involvement. Majority of arrows are buying arrows, and with the volumes usually heavier than those of the selling arrows. My prediction for next week is that we go up. That said, the beginning of the week (especially...

NAPit

Lots of selling, but price increased. Buying below VWAP Target for Monday: Break 50 period VWMA (145.00) Consolidate on top

NAPit

Thursday Target for Friday: Break 50-period 1H volume weighted moving average (VWMA) 145.40 and either, a. consolidate on top of it b. Continue to trendline around 146.70

NAPit

Arrows - Buying/Selling ------------------------------- Notice the sideways movements; those are usually a sign of accumulation. Also notice the buying at trend line - fairly bullish. I'm expecting a move up next week, but I do believe there will be lower prices in the beginning of the week. My biggest fear right now is missing my long entry, I've been stalking...

NAPit

I expected SPY to move back into the channel by a bit, where it would get accumulated. Had a limit buy order set at 144.50. Daily chart looks ripe for a move up, but the volume is still somewhat on the low side; lower than I wanted to see before a move up. Looking at today's action, I'm leaning toward my original analysis - institutions are not yet ready to take...

NAPit

Still waiting to go long. Chart's market direction prediction is based on 1 to 2 days window. If you are not a day trader, DO NOT go short right here. Just though of this; the second part of the day looks like a bear flag

NAPit

Short term outlook: Short Long term: Long As usual green arrows are institutional buying, and red are selling Refer to my previous chart for my outlook.

NAPit

Monday - up Tuesday/Wednesday - down Thursday/Friday - up EDIT: Forgot to put the arrows in. High volume up move (Thursday) was selling. Last hour of Friday was buying

NAPit

Expecting continuation of the hourly trend, which should break the daily channel.