From the Desk of Kimmy Sokoloff
First and foremost, a very Happy Thanksgiving to all.
The bull flag pattern I’ve spoken about is in the process of breaking out. If this continues, this market can head toward $SPX 4,020.
Expert technical analysis of financial markets by JC Parets
by David
From the Desk of Kimmy Sokoloff
First and foremost, a very Happy Thanksgiving to all.
The bull flag pattern I’ve spoken about is in the process of breaking out. If this continues, this market can head toward $SPX 4,020.
by David
From the Desk of Kimmy Sokoloff
The market chopped around the fist half of the day and rallied into the close.
It’s still coiling for a bigger move, I’d like to think.
[Read more…]
by David
From the Desk of Kimmy Sokoloff
To me, this market is coiling for the next big move.
As I’ve mentioned, if we continue to hold $SPX 3,934, there’s potential up to SPX 4,020. Until then, this market is very choppy.
by David
From the Desk of Kimmy Sokoloff
That was a very choppy day. And it could potentially be like this all week.
We have multiple Fed speakers this week, with FOMC minutes on Wednesday at 2:00 p.m. ET.
by David
From the Desk of Kimmy Sokoloff
A little pull-in for the futures this morning, though we’re still hovering around $SPX 3,950.
Currently, we’re forming a bull flag on the indices, but I’d like to see SPX 3,934 held.
[Read more…]
by David
From the Desk of Kimmy Sokoloff
Tough action in the market this week.
We started at $SPX 4,008 then dropped down to 3,906. Looks like the index is forming a bull flag.
Next week is typically a bullish week.
by David
From the Desk of Kimmy Sokoloff
The indices recaptured their respective eight-day moving averages, and it seems they’re forming bull flags.
Maybe now we are on the way to $SPY 403.
by David
From the Desk of Kimmy Sokoloff
Today was like a strange pendulum — back and forth and up and down and all around.
The $SPY tried hard all morning to hold on to the eight-day moving average at 391.40.
Once $AAPL started to move higher, so did the indices — SPY ran up to 394-plus.