$SPY pulling back as expected. Many hurdles until this downfall is confirmed. But so far very pleased with my 45 day prediction coming to life. I see a lot of the names I like to trade starting to stall, and pulling back from last weeks highs. Again I need to see more selling to confirm
This is it, January 11 is finally here, and that ends the 45 day rally from November 16. The market S&P 500 is on a 5 years high so in my personal analysis this market needs a breather. But just in case today is not really the day, I want you to understand why. Remember
Another gap up, and $SPY looking for that 146.84 level. Th only problem I have with this level is that the following b/o levels are very far apart from each other and we are just one day away from my 45 day target. Before I get thrown any kind of criticism, I will say 45 days give
I tweeted yesterday that this still looked like a buy the dips kind of market, and that the 145 support did hold well. We are 2 days from my Jan. 11 target that represents the 45 day run from November 16. So this is where things start to look very tricky to the upside. I
$SPY trying to pull the same stunt as yesterday. I think by now everyone is expecting the market to sell off at any minute now. But the question is. When will it happen? Well for starters, I had a Jan 11 target from the November 16 bounce. I mentioned that according to analysis made by @Legacy_Trades I plotted this
$SPY opening higher again after economy added 155,000 new jobs and rate holds at 7.8%. I would like to remind everyone that we are close to the end of that 45 day run from Nov 16 I talked about. The date is January 11, so I do think we keep running until then. I am expecting
Guys I am still on vacation, and will be until the 13th. I have been waking up late so please don't get upset with me if I just leave you all with the $SPY read for a couple of days. $SPY 1st support is 144.24, 2nd support 143.20 (A couple of cents above 1st Fibonacci Retracement Level), and
Happy New Year everyone. $SPY opening the new year with a bang as if held that 140.10. I really thought for a moment that we really were going off the cliff this time, but congress pulled a last minute stunt and patched an open wound with one stitch. $SPY 1st support is 143.69, 2nd support 142.86,
First of all I want to express what a wonderful year I had. It has been a pleasure to help you all out with the stock market. I hope I was able to dismistify or at least give you all another view from the one you were used to. I wan to wish everyone a 2013