From the Desk of Kimmy Sokoloff
This morning, $SPY is above its 50-day moving average at 389.61. I’ll be watching this level closely.
If we can hold it, there’s potential to 396.
Expert technical analysis of financial markets by JC Parets
by David
From the Desk of Kimmy Sokoloff
This morning, $SPY is above its 50-day moving average at 389.61. I’ll be watching this level closely.
If we can hold it, there’s potential to 396.
by David
From the Desk of Kimmy Sokoloff
That was a nice push in the market today.
$SPY finally closed its gap to 387.89.
by David
From the Desk of Kimmy Sokoloff
We’ve got big economic data coming out at 8:30 a.m. ET, the December nonfarm payrolls report.
So, whatever I write, it might be a moot point very soon.
by David
From the Desk of Kimmy Sokoloff
This market can’t seem to get out of its own way.
Just when you think it can head uphill, we have a rug-pull.
Today it was data out in the morning that pushed the indices lower.
by David
From the Desk of Kimmy Sokoloff
Futures are up a tad this morning.
What I’m looking for is $SPY to push past 386 and head to 387.80.
Support is at 382.70.
by David
From the Desk of Kimmy Sokoloff
Overall it was a decent day for the indices, considering we had data out at 10 a.m. ET and then FOMC minutes at 2 p.m.
I’d still like to see the indices trend higher. Specifically, I’d like to see $SPY 387.80.
by David
From the Desk of Kimmy Sokoloff
S&P futures are indicating at the 3,850 mark.
We need to maintain that level in order for this index to head higher.
by David
From the Desk of Kimmy Sokoloff
We saw a nice pop in the morning and then a hard fade pretty much right after the market opened. Feels like a repeat of last year.
The market did try to hang on to the $SPX 3,800 level most of the day. It’s all about this level right now; a true break below and we can see 3,780.
We need back above 3,840 for a rally higher.