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BTC RSI has been crossed. Squeeze momentum indicator trending up. Per this TA BTC is headed to 14k, in due course of time.

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SPY closed down 0.36% yesterday. After being down considerably more in the morning session. Index found support at 319.50 level as shown KAMA moving average. ES futes are up 8.75 handles at present on the heels of stellar big tech earnings. Expecting SPY to open up about 0.33%. Staying neutral as squeeze momentum indicator trending down. And RSI trendless,...

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SPY closed up 1.2% yesterday on heels of soothing words from the FRD. However, ES futes are down 28 handles as of now, giving up most of yesterday's gains. Dismal economic data in Europe and US is weighing on markets at the open today. Staying neutral appears to be the right call at present.

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After a choppy morning trade SPY had a liquidation break later in the day to close down 0.63% yesterday. Mom squeeze divergence continues is downward trajectory. As does RSI though it still remains above 50, hence positive. ES futes are trading up 11 handles projecting an green open for SPY. Staying neutral for the time being.

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SPY closed up 0.73% yesterday. It remembered Monday, so had to be up, especially on Corona vaccine positive spin. Yesterday SPY kissed the back side of the broken support line. Tech heavy QQQ ramped up 1.78% as vicious rotation continues. ES futes are negative -12.25% as of now. Banks keep trading very sluggishly. More weakness in this group will pressure...

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SPY closed down 1.19% yesterday. Tech mega cap index, QQQ. got slammed for 2.61% MSFT, TSLA, NFLX earnings were good but they got sold anyway. Frothy valuations I guess. SPY RSI has diverged. Price made new high but RSI made lower high. Short term RSI trendline is undercut. Mom squeeze indicating caution due color change. Expecting sideways movement with...

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SPY closed up 0.57% yesterday. Beating small caps and tech mega caps indices for a change. Stimulus talk appears positive for the market. Buy the rumor. Coronavirus count increase a negative. But each day brings vaccine availability closer. ES futes treading water, up +4.5 handles as of now. Mom Squeeze indicator remains pointing higher. NY advance-decline...

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SPY closed up a lacklustre 0.21% yesterday. Opened higher, closed lower. Never a good sign. Stocks rotation had small caps out performing tech mega caps. Just the inverse of Monday. SPY remains above support. Momentum squeeze indicator still rising. ES futes are indicated down -3.75 as of now suggesting a lower open for SPY. Trend still remains higher...

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SPY closed up 0.81% yesterday. Far cry from the 2.84% gain logged by tech mega cap QQQ index. Squeeze Mom indicator remains supportive for higher SPY. Support is seen at 313-315 zone. Europe approved stimulus plan. More wind beneath the wings of markets. ES futures are up smartly +24.50 handles as of now suggesting a 0.75% higher open for SPY.

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SPY closed up 0.29% in lacklustre trade on Friday. A damp squib of a trading day Fri since on monthly options expiration there vigorous two way trades. The weekly and daily chart both continue to point higher prices. 256 companies are reporting this week, amongst them tech bellwethers MSFT and TSLA. Positive forward guidance of these companies can impart...

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SPY traced out a NR7 day yesterday and closed down 0.33%. Lack of institutions participation meant a trendless day as locals took charge. Advance-Decline line has made a new high. Index usually follows the ADL trend. Expecting higher prices in the weeks ahead. ES futes are green as of now and SPY s open will be marginally green. NR7 has compressed the...

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SPY closed up 0.92% yesterday. With no conviction. SPY up bias but bulls resolve wanting. SPOOS are giving up most of yesterday's gain, down -21 handles as of now. Banks (BAC, MS) earnings reaction is indicated negative pre-open. Weak XLF sure to pressure SPY to the down side in the early going.

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After a lower opening yesterday SPY recovered nicely to close up 1.30%. SPY has been moving sideways in a broad range 300-320. ES futures are perking up +45 handles as of now suggesting a strong SPY open. Pre-market SPY is indicated to open at 322.96. Will it be gap and go and leave the range behind. The move from the range can be explosive as sideways...

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SPY stuck in a box for 25 days. No trend at present as big elephants trample the 300-320 zone. Slight up bias, first support at 311.25 and second support at 305.70. ES futes are neutral as of now suggesting flat SPX cash open.

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On the weekly chart SPY has been consolidating for the past 7 weeks. SPY marginally pushed up last week clearing the last 3 weeks consolidation zone. Highest close of past 7 weeks is 319.34. When SPY closes above 319.34 it can well challenge the ATH. If above scenario unfolds then the 344.40 target comes into play.

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SPY lost -0.6% on Thursday. DJIA lost 1.4%. And IWM lost -2%. But Nasdaq gained +0.5% on the heels of tech heavy institutional darlings. Earlier in the day SPY had lost -60 handles, but recouped some losses by day's end. Today's overall weakness is shown by declining issues over advancing issues by a 3:1 margin at the NYSE and a 2:1 margin at the Nasdaq. ES...

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SPY closed up 0.76% yesterday after a wicked 30 handle liquidation break in one 30 min late morning trade. That's how the institutions scoop up shares. SPY is stuck in a box for past 22 trading days with support at 294 and resistance at 323. Volatility has come down. Squeeze mom indicator is gradually trending up. Support is seen in 306-311 zone. At...

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SPY closed down -1.05% yesterday in the afternoon swoon. ES futures are only up 2.50 handles as of now suggesting a flat open for a change for SPY. Looks like high flag consolidation to me as SPY digests recent gains.