Fuinhaz

Here are the numbers. $SPY 1st support is 160.48, 2nd support 159.38 and 3rd is 158.67. $SPY 1st target is 161.70 and 2nd is 163.38, 3rd is 163.92, and 4th just for fun is 166.21 Trade what you see, not what you think.

Very busy this morning so here are the numbers. $SPY 1st support is 158.67, 2nd support 157.50 and 3rd is 156.45. $SPY 1st target is 159.58 and 2nd is 160.48, 3rd is 161.70, and 4th just for fun is 163.38 Trade what you see, not what you think.

$SPY gapping higher, even though China took a 5% drop during the night and miraculously came back to almost break even. For a few hours China was in a bear market. For those who don't know a bear market is classified once an index drops over 20% from it's highs. I am not surprised of

$SPY bounced off on Friday afternoon, but it wasn't enough to launch us to any sutainable level. We had it holding the 100ma, but latyer in the day we broke below, and later regained traction, but failed to close above the 159.39 fib level that during the day became a target. Today we are opening

$SPY went ex divident today, but it is clear that we bounced off the 159.40 (give or take). The reason I said we bounced off that level and not 159 is because we ended the day with 159.40. My point is simple, when we get to a support or resistance level, one have to pay

So as I write this the $SPY is to open .10 cents from the 50ma of 162.02. As many people look at that 50ma with such importance, they forget to give Fibonacci retracement levels a look, and end up not knowwing where is the most likely place for a possible bounce really is. Yesterday a

There is not much to say today besides the fact that we have to wait for the fed decision to come out at 2:00pm. I personally will not trade much today until I see a significant move in the market. I highly suggest you to do the same. $SPY 1st support is 165.55, 2nd support 164.47 and 3rd is 163.38. $SPY 1st

Market still showing strength as we are just one day from the fed's decision. We had a nice pop of 6.8% in house starts. As we broke above the $SPY's 164.47 level yesterday the chances of us ramping up to 165.55 are becoming more and more real. I also will go as far to say

First of all I hope everyone had an amazing Father's day. My was fantastic surrounded by my lovely women, and dearest friends. So we have the Fed meeting this week, and the market is showing some excitement to the upside. I think that is great, but I like to see how that excitement compares to

So what was the real reason for the bounce off the 161.30 level in the $SPY. For starters 161.35 is the $SPY's 50ma, so normally it was tested and held. Second is the $NYMO (McClellan Oscillator) that from time to time I like to mention on my $SPY reads. The chart below show that the