Jan 12th 2021 - S&P 500 continues buoyancy amidst historical U.S. political events ... watching new all time S&P 500 SPDR intra day resistance at 381.49 now
S&P 500 SPDR (SPY) has broken key resistance at the 360 level. This was the top of the consolidation pattern that has been in place for a few months now.
A bullish channel has now become evident on the break out.
On the stock market November 24th 2020 - Well it seems 2020 continues the extreme DRAMA going into the last month of the year as a TRIPLE top formation manifests itself today.
The PANDEMIC, the U.S. ELECTION and a wild SPECULATIVE market all of extreme historical proportions give some opportunity no doubt.
This is for those that can handle the VOLATILITY...
On the Stock Market Sept 22nd 2020 pull back from all time highs as pundits go to cash into the U.S. election ... as well as COVID speculation regarding outcome after the back to school fall season ... watching S&P SPY test 323.28 support now
On the Stock Market September 2nd 2020 - since S&P500 SPY breached the extreme BULL channel on July 24th 2020, pundits generally expected more of a consolidation pattern given the many challenges in the macro economic scene.
In spite of that conservative rhetoric the market continued its BULL push and has surprised the majority with continued all time record...
On the stock market August 18 2020 ... S&P 500 SPDR now testing key resistance at the 339 level ... this is not only the historical high the dynamics are also historical in that the macro economic situation is unprecedented ... the pundits and multinationals are all watching the upcoming U.S. election ... the results of this election will no doubt effect Global...
On the stock market July 21 2020 ... the BULL is back ...324.00 resistance level broken today should fill the GAP now to 331.19 then ultimately to 339.08 if momentum holds up
July 13 2020 ... S&P500 SPDR has broken through intraday resistance and should be testing key 324 resistance level soon ..we are in the low volume and high volatility time of year .... the market will need a positive stimulus to give it enough momentum to break through the 324 level ... stay tuned this week
June 30th 2020 ... it appears that the BULL has stopped snorting a bit ... a tight consolidation pattern has manifested itself over the last couple of weeks between 299.55 and 307.67 ... and the technical directional indicators have flipped to a BEAR bias ... watching that 300 support level very closely now ...
On the stock market June 18 P.M. 2020 ... watching SPY test 313.84 this week if break then 324.00 ... a break through on 324.00 should fill GAP to 331.19 then ultimately to 339.08 provided momentum holds up ...
On the stock market June 18 2020 ... after FED chairman Powell's comments on June 11 2020 the market reaction was swift indication of the underlying fear around COVID19.
From a technical point of view the BULLish channel has widened and can be interpreted that this event was averaged into the total picture causing the slope of the channel to be reduced (small...
On the stock market Friday June 12 2020 ... the COVID19 issue at this point is an on going issue that is capable of invoking FEAR in the market. FED Chairman Powell's remarks indicates this as we saw the market reaction yesterday.
In spite of that the BULLish momentum has not gone away yet. Indications are that SPY support at 297.87 is currently holding up.
On the stock market June 8th 2020 .... Bull market firmly in place now after Fridays U.S. jobs report.
Watching BULL channel guidelines and key S&P500 SPDR resistance levels 320, 325.85, 333.00 then ultimately 339.08.
On the stock market May 26 2020 ... market up sharply breaking out of consolidation channel... S&P500 SPDR resistance buffer at 309.16 - 313.10 now in play ...
