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 moves
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 Sterling/Pound.
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 hours.
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&P
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 below to
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 [https://twitter.com/search?q=%24SPY&src=ctag&ref_src=twsrc%
> The downtrend in $SPY [https://twitter.com/search?q=%24SPY&src=ctag&ref_src=twsrc%5Etfw] continues, breaking though multiple supports leaving bulls with the January low (around 420.50) as the last
> $SPY [https://twitter.com/search?q=%24SPY&src=ctag&ref_src=twsrc%5Etfw] spent the day in our downside target range of 435-430. With the continued on certainly with the Ukraine situation and
> Another ugly day on the market surrounding uncertainty with Russia and the Fed. $SPY [https://twitter.com/search?q=%24SPY&src=ctag&ref_src=twsrc%5Etfw] broke through 440 (a key support) and
> Another wild day on the markets. With the FOMC meetings release being a nothing burger, $SPY [https://twitter.com/search?q=%24SPY&src=ctag&ref_src=twsrc%5Etfw] had an outside day and