Swing Trading with Ryan Mallory
I, of all people want this market to go higher. Having spent the last two trading years of my life in a range that was the tightest of anything seen in 21 years has been exhausting and limiting in its opportunity. However, there are a few things that need to [...]
VIX back at critical support. Can it bounce here? For the past two years it has done so religiously and in the process has stalled out any market rally that was underway. Which is interesting because the current market is rallying to new all-time highs, but remember how the past [...]
The SharePlanner Reversal Indicator rarely behaves this way, but following the Brexit vote, this indicator has been all over the map. It seems at this point the indicator needs to ground itself, and the best way to do that is to distance itself from the Brexit shenanigans, and the only [...]
It is painfully obvious that the S&P 500 hates 2100. You don’t believe me, fine, then explain the chart below to me. It is the monthly chart of the S&P 500 and it sports one of the most impressive levels of resistance the index has ever seen. It goes all [...]
Going back the past three months the area surrounding 16.40 has no doubt offered a great deal of support/resistance. Now again, just a little over two days since the VIX was over 26, it is now testing that 16.40 area again. Granted it is trading below the support level now, [...]
Just for a minute and take a look at the chart of the Nasdaq for the past two years. It has to be the worst time period ever for the chart. There is no direction, no conviction and more importantly, no sustainability in either direction. Every dip is met with [...]
The SharePlanner Reversal indicator suggests the bulls might not be out of the woods just yet. This week it is flashing an early reversal which really comes as no surprise following the massive sell-off on Friday and then again on Monday after the Brexit vote. Now the market is on [...]
I love the T2108 in markets like this. When volatility is at extremes, there is no better indicator out there for gauging market direction and how close we might be to a bottom. The bad news, is that a bottom might not be achievable just yet. Of course that doesn’t [...]
I can’t go to sleep – I just can’t. I mean c’mon, how often do you get to see SPX futures down 100 points, circuit breakers triggering, Dow futures down over 600 points, among other things. I don’t have any positions going into tomorrow. I sold my one long position [...]
Here is an update on the latest on the Brexit and what the odds makers are expecting. Not much of a change from this morning as you can see. Overall there is about a 4:1 chance of a Brexit/Leave. As for tonight's schedule - I found this tweet here - [...]
I thought I’d throw this out there for you all to consider. This is what the odds makers are showing on the possibility of a brexit. Currently about 43% of the bets are on a vote to “Leave” the European Union or commonly referred to as a “Brexit”. The “Remain” [...]
It has been a while since I posted about the 30 minute chart on the S&P 500 – but here I go. The upward trend-line has been broken, off of the June 16th lows. However, you have this stubborn support/resistance level at 2085 depending on which side of price SPX [...]
