Daily SPY Read

The $SPY got defended yesterday @ 160.50 (50ma), and spiked into a nice V shaped bounced, that took a lot of people by surprise including yours trully. I honest felt that we were going to slice through that 50ma, and hold the line on a spot less visable to many. I personally don't expect this

I had a great day yesterday. Some solid gains, and I only traded 3 stocks. I woke up this morning with the $SPY trying to boiunce off trying to make 1 almost 1 point from yesterday's close. And all that without a Jobs Report which is due at 8:30am. I do like when the $SPY

$SPY slowly creating a difficult situation for bulls to confidently continue to buy dips. The chart clearly shows that we completed a cycle, and the obvious pattern is a pullback. I expressed on previous articles that I am expecting a mild pullback, followed by another push to the highs, and then the inevitable emerging countries

$SPY attempting to bounce off the 61.8% Fibonacci retracement level (163.34). Which does make sense after the drop last week. Now what we need to focus now is how high it may go before it cointinus to slide. Last Friday, the $SPY sliced through the 20ma like if it was butter. But the again the

Well what can I say? History did repeat itself, and like other corrections or pullback it always comes with the elevator cable broken, and a violent free-fall towards lower levels. What level would the $SPY needs to hold for now (short-term) to help some bulls exit some positions, or even better, feel like yesterday and today gap

Here I am again with my $SPX chart that I have been anxiously waiting to see it's outcome. The target have not changed. 1690.60. Something tells me that we will hit the brakes once that level is achieved, but one can only get really bearish if we break below the 23.6% Fibonacci level which is represented by

$SPY opening slightly higher, Market starting to show some kind of difficulty closing on the highs, even though new highs have been made for the past days. I am quite convinced that the chart that I presented yesterday have the same sentiment shared by other traders. Even if we don't look at the same indicators, we all agree that

Don't come in the market today thinking that by the end of the week you can run around naked on the streets or just your work office thinking that you will be so filthy rich, that the laws do not apply to you. I do invite you all to check this S&P 500 Weekly Chart,

$SPY made another new high yesterday, and on the pre-market it is holding the 1st short term Fibonacci level support on my chart. This 164.94 level is the fist support. Last afternoon it tested another support when we had a high of the day of 165.11. At that time of the day the current Fibonacci Support was

$SPY made another new all time high yesterday as the market continue to gallop with no pullback. Market sucking everyone in like a vortex. I have been trading lately. I want to give the short side a try, but have been getting stopped. Going long in the afternoon have been tough too, so the mornings