From the Desk of Kimmy Sokoloff
The indices are stuck under their respective moving averages.
This is making it harder to find opportunities to trade.
Expert technical analysis of financial markets by JC Parets
by David
From the Desk of Kimmy Sokoloff
The indices are stuck under their respective moving averages.
This is making it harder to find opportunities to trade.
by David
From the Desk of Kimmy Sokoloff
This is a very choppy market.
$SPY bumped up to resistance at 445 then dropped lower.
We can stay volatile this whole week.
by David
From the Desk of Kimmy Sokoloff
Let’s see what this week brings, as we have the FOMC on Wednesday.
Next support down on $SPY is 440.
by David
From the Desk of Kimmy Sokoloff
Happy New Year to those who celebrate Rosh Hashanah!
The market took a nosedive today.
And there’s potential for continued weakness next week.
by David
From the Desk of Kimmy Sokoloff
That was a big day for the market yesterday, but it still felt slow or weak up until noon.
We have potential to see 455 on $SPY if we continue to hold 447.
by David
From the Desk of Kimmy Sokoloff
The market tracked higher most of the day, with $SPY closing that 449.17 gap I mentioned this morning.
by David
From the Desk of Kimmy Sokoloff
The market is rallying before the August PPI print at 8:30 a.m. ET.
There’s a gap on $SPY at 449.17 that could potentially get filled today.
by David
From the Desk of Kimmy Sokoloff
What a wacky, whippy market.
We’re stuck under resistance on $SPY at 447.14 or so.
We still have headwinds, with August PPI tomorrow and the Fed next week.