From the Desk of Kimmy Sokoloff
The market hit the breaks yesterday after Fed Chair Jerome Powell’s speech.
Powell is to speak again today, which could make for sloppy trading.
Expert technical analysis of financial markets by JC Parets
by David
From the Desk of Kimmy Sokoloff
The market hit the breaks yesterday after Fed Chair Jerome Powell’s speech.
Powell is to speak again today, which could make for sloppy trading.
by David
From the Desk of Kimmy Sokoloff
That was a very volatile day, as we had Fed Chair Jerome Powell speaking.
And he’s speaking tomorrow too.
by David
From the Desk of Kimmy Sokoloff
So, the market had a little bit of a rug-pull yesterday.
I’d like $SPY to hold the 404 level, otherwise we run the risk down to 402.
by David
From the Desk of Kimmy Sokoloff
Nice pop this morning in the indices, then we dropped.
I was hoping for $SPY to close the gap at 408 before the sell-off, but that didn’t happen.
by David
From the Desk of Kimmy Sokoloff
It was a big two-day move in the indices. $SPY went from 392 up to 404 — now that’s some power.
I think we can use a rest under the SPY 405 level then potentially push through to 408.
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by David
From the Desk of Kimmy Sokoloff
That was a nice Friday with green on the screen!!
Happy to see the follow through from the bounce yesterday afternoon.
by David
From the Desk of Kimmy Sokoloff
The market is indicating higher this morning.
Now let’s see if we can have a follow-through day from yesterday.
by David
From the Desk of Kimmy Sokoloff
This morning was very choppy, and then the market straightened itself out.
I mentioned in the live trading room that we’re really due for a bounce.
And then, late in the afternoon, we got it.