Today’s Trading Plan: At Critical Support

2016-09-15T08:56:45-04:00September 15, 2016|

Technical Outlook: S&P 500 (SPX) for a third straight day, tested the 2120 support level and held it. There hasn’t been a strong, sustained bounce off of this price level though to suggest the market is done with the current sell-off. On the SPDRs S&P 500 (SPY) volume has decreased for a second [...]

Testing Critical Resistance Here: My Three Observations

2016-03-11T12:44:29-05:00March 11, 2016|

This rally has come out of nowhere, and it is doing it completely overbought prior to today. The run-up into two key resistance points that conjoined at one specific price point, creates the potential for the market to fail here and not have anything left in the tank that would [...]

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