senobwas

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SPY 100% | 5
senobwas senobwas SPY, D,
SPY: Daily SPY Action
350 0 1
SPY, D
Daily SPY Action

S&P moving up but volume is without conviction. Treasuries not suggesting big rally either but it certainly can happen. Next major resistance point is S&P 1292 then the 1300-1320 range. Bearish momentum and MACD divergences but neither are yet confirmed. Care at this point.

senobwas senobwas SPY, D,
SPY: SPY  Santa Rally?
548 3 1
SPY, D
SPY Santa Rally?

Possible bounce if the last uptick is held up to next down trendline. But price bump above 200 dma could be the 4th fail and then it is down to the floor! Playing small long position to next trendline then short with a tight stop.

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