From the Desk of Kimmy Sokoloff
Yesterday we broke out of this sideways channel on $SPY, and this morning the market is gapping up.
We have near-term resistance at 417.50 or so, which was the May 1 high.
Expert technical analysis of financial markets by JC Parets
by David
From the Desk of Kimmy Sokoloff
Yesterday we broke out of this sideways channel on $SPY, and this morning the market is gapping up.
We have near-term resistance at 417.50 or so, which was the May 1 high.
by David
From the Desk of Kimmy Sokoloff
The market was full speed ahead, again, and we closed a gap above at $SPY 415.27.
SPY held support at 410 like a charm.
by David
From the Desk of Kimmy Sokoloff
Talks over the debt ceiling are still going on, and the futures are higher in hopes of an outcome.
The 410 area has been a solid support level for $SPY. We’ve broken below there for short periods, but we continue to hold it.
by David
From the Desk of Kimmy Sokoloff
And, once again, this market is range-bound…
There are still opportunities out there, you just have to look for them.
by David
From the Desk of Kimmy Sokoloff
The market awaits debt ceiling negotiations, and we have quite a few Fed speakers today as well.
We’re still in a range, and time will tell which way we break.
by David
From the Desk of Kimmy Sokoloff
The market was full speed ahead today.
And $SPY held on to the 410 support area once again…
by David
From the Desk of Kimmy Sokoloff
We saw a nice late-day rally in the market on Friday.
We’re still in the chop zone, and we literally have about 14 Fed speakers this week…
by David
From the Desk of Kimmy Sokoloff
Happy Mother’s Day!
$SPY was unable to hold on to the 412 area. We drifted lower all morning.