Daily SPY Read

I am not shocked by this pull-back. We were going up on no news, just momentum. I still believe we can move higher, but some traders just don't feel comfortable buying the top. I am one of these traders. It is nearly impossible you will see me recommending to buy anything when I see that

This market is getting a bit tired in my opinion. $SPY opened above my current chart's 2nd resistance, and spiked to my 1st target 140.64 and my current chart's 3rd resistance. My personal interpretation is that the big move is done, and that eventually we will sell off during the day. This could be a

$SPY jumping again. Still no real catalyst. I did read that London banks are taking some heat as they are accused by the US regulators for helping Iran stack up 250 billion. The "socialist" president of France is also on the hot seat as he have been pushing the prime minister of Italy to ask

I think $SPY is doing a head and shoulder pattern on 5 and 3 min chart. The chart does not look very clear, but I am certainly counting on a possible sell off if we re-test that 139.85 level. We don't have any major data coming out tomorrow. So this market is running on no

$SPY made a nice run just 1 cent above my 1st target of 140.16, and now pulling back. It is very important that the $SPY holds this 139.94 level, otherwise we will sell to balance the amazing run on Friday, and the lack of new catalyst to keep us pushing higher. A drop under 139.85

$SPY opening positive. No fireworks like last Friday, but from my perspective we have a good chance of going much, much higher from here. Remember there will be a couple of day where things will look like it is the end of the world, but then we just have to get ready for that certain

$SPY just stuck in a range after reaching 3rd resistance @ 139.64. And tumbled after. Right now it needs to hold 139.11, otherwise it will finish all the way down to 138.59. Again the levels worked very well. I just had a problem with the trade in $PXD that messed up all my other shorts

$SPy just reached my 3rd resistance level 139.64, where I mentioned a huge resistance. I am now looking to short some names. I am really busy today, so just gonna give the setups for now. $APC short under 68.59 $CAT short under 85.60 $FCX short under 33.70 $PXD short under 96.67 May you all have

$SPY opening very high after we successfully bounced off the 1st Fibonacci retracement level, and the 100MA 136.16 level. The jobs report show that we created more jobs than expected, with 163,000 new jobs added, but the unemployment rate rose to 8.3 percent. This kind of economic data could not have been predicted last evening

$SPY have done almost everything I was expecting this morning even with some hiccups. Bulls are currently defending the 100MA (136.11) and the 1st Fibonacci retracement level @ 136.08. I think that there are still some market bears out there that will try to give everyone out there a very bad outlook, but I am