We’re still range-bound, and tomorrow could potentially be a deciding factor on which way this market leads over the next few weeks.
$SPY is currently at 398, which is resistance.
Expert technical analysis of financial markets by JC Parets
by David
From the Desk of Kimmy Sokoloff
We’re still range-bound, and tomorrow could potentially be a deciding factor on which way this market leads over the next few weeks.
$SPY is currently at 398, which is resistance.
by David
From the Desk of Kimmy Sokoloff
This is going to be a volatile week, with CPI data tomorrow and the Fed on Wednesday. Be on your toes, monitor your positions, and have your stops tight.
The indices are in a battle zone. The $SPX is trading between support and resistance. The pattern is tight. $SPY needs to get above 398 in order to head higher, simply put.
by David
From the Desk of Kimmy Sokoloff
Another day, another chop fest.
We can stay like this until next Thursday.
by David
From the Desk of Kimmy Sokoloff
We’re indicating a higher open in the pre-market.
And we’re currently above the eight-day moving average on the $SPX at 3,982.
by David
From the Desk of Kimmy Sokoloff
The $SPX ran right into resistance today at 3,980 then pulled back in.
We really need above that level to trend higher. It would be best to also hold onto 3,950 on a closing basis.
by David
From the Desk of Kimmy Sokoloff
Futures are up a bit this morning, but we’re still range-bound.
We have data out at 8:30 a.m. ET. We’ll see if that has an influence over the market today.
by David
From the Desk of Kimmy Sokoloff
This market is range-bound at the moment. $SPY is stuck between 395 and 390.
The market truly might be waiting for next week for a big move. We’ve got November CPI on Tuesday and the Fed on Wednesday.
by David
From the Desk of Kimmy Sokoloff
The trek lower in the indices continues.
We’re near $SPX 3,900 support. After that it’s 3,860.
We need to recapture 3,960 to head back uphill.