brace

Today’s Trading Plan: Brace Yourselves – Heading Back To Consolidation

Ryan Mallory2016-08-17T08:28:05-04:00August 17, 2016|

Technical Outlook: Yesterday marked the second biggest sell-off on the S&P 500 (SPX) since the Brexit sell-off, shedding 12 points. Volume on SPDRs S&P 500 (SPY) was slightly higher than the prior day's volume but still extremely weak and well below recent averages. Second straight day where dip buyers have not come in [...]

Today’s Trading Plan: Brace for the FOMC

Ryan Mallory2016-03-16T08:15:07-04:00March 16, 2016|

Technical Outlook: Another low volume and tight trading range for SPX yesterday. Volume was on par with yesterday’s light reading and well below recent averages. Price closed below the declining trend-line as well as below the 200-day moving average for SPX. Market behavior over the last two trading sessions and [...]