5.26.2022 Market Update
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
Market Update
A collection of 12 posts
5.25.2022 Market Update
$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
2.25.2022 Market Update
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.
2.23.22 Market Update
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
2.18.22 Market Update
$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
2.17.22
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.
2.16.22 Market Update
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
2.14.22 Market Update
Another rocky day on the markets. $SPY is beginning to to form a solid downtrend on the daily chart. We are looking for a reclaim of 441 with volume before we see a
2.11.22 Market Update
When it rains it pours. With a market already spooked by high inflation and now a very real threat of a Russian invasion of Ukraine, $SPY had another significant decline down from the
2.10.22 Market Update
An ugly day on the market with the hot CPI print and fed comments hinting at a 100 bps rate increase by July. We see potentially a double top pattern on $SPY, providing
2.9.21 Market Update
$SPY gapped up today over our breakout level of 452.79 and ended the day strong (yet volatile). The VIX did not break and hold below 20 with the uncertainly of the CPI
2.7.22 - Quick Market Update
SPY closed with an inside day daily candle with higher low than this past Friday. We are seeing a holding pattern until a major catalyst, such as the CPI number this Thursday $SPY