We are sad to report that the almost 2% pop to the upside experienced by the S&P 500 on September 28th was primarily traders who were covering their short positions. Large
Much to the global market's surprise, the UK government has gone against the actions of the US Federal Reserve and has started QE (Quantitate Easing) to save the value of the
Pigging backing off our post from yesterday, the S&P500 and SPY dipped below the year low and the June low, marking a new yearly low of 360.87 during regular trading
Day after day there is more and more blood in the streets. The fed is hiking rates (as expected) and the R word (recession) is popping up more and more. The S&
The market is puking on the short remarks from chairman Powell at #JacksonHole. We are looking for $SPY to hold 406.62 as a short term downside target. Below that we expect significant
$SPY with a strong push into close heading into Jerome Powell's speech at Jackson Hole tomorrow. If the market likes what he has to say, expect the gap in the chart
We have come to the close of another crazy week on the market. The SP500 is flirting with bear market territory (20% below a high), and was in that territory most of the
What a crazy few days on the market! After breaking down though the January low of 420.50 to around 411. $SPY made a monster move the last two sessions up to 438.
The downtrend in $SPY continues, breaking though multiple supports leaving bulls with the January low (around 420.50) as the last major support. If that level is lost we see continued downside. This
$SPY spent the day in our downside target range of 435-430. With the continued on certainly with the Ukraine situation and the Fed, it is hard to pick a trend. Currently we have
Another ugly day on the market surrounding uncertainty with Russia and the Fed. $SPY broke through 440 (a key support) and is heading towards Monday's low. Our downside target remains 435-430.
Another wild day on the markets. With the FOMC meetings release being a nothing burger, $SPY had an outside day and ended over the significant level of 446. We are not out of