From the Desk of Kimmy Sokoloff
We’ve seen a big gap up in the futures this morning, and we’re right at resistance at $SPX 3,800. The next level above is 3,804 to 3,811.
$SPY resistance is at 379.60. Support is at 376.35, then 374.20.
Expert technical analysis of financial markets by JC Parets
by David
From the Desk of Kimmy Sokoloff
We’ve seen a big gap up in the futures this morning, and we’re right at resistance at $SPX 3,800. The next level above is 3,804 to 3,811.
$SPY resistance is at 379.60. Support is at 376.35, then 374.20.
by David
From the Desk of Kimmy Sokoloff
We saw a lot of movement in the indices today.
The $SPX hit resistance near the 50-day moving average around 3,800 and reversed lower but then rallied into the close.
by David
From the Desk of Kimmy Sokoloff
We have big data out at 8:30 a.m. ET this morning.
As I write, the futures are up. Let’s hope they stay that way.
by David
From the Desk of Kimmy Sokoloff
The market did bounce from the lows at $SPX 3,700, but it was lackluster.
In order for this market to head back up hill, the SPX would have to get above 3,750 and hold it for a move to 3,775.
by David
From the Desk of Kimmy Sokoloff
It’s anybody’s guess where we go from here.
I think Mr. Market was looking for a glimmer of light from our Fed Chair, and that did not happen.
by David
From the Desk of Kimmy Sokoloff
That was a roller-coaster ride, and a wild one.
After the FOMC meeting the markets took a dive, just like last meeting.
by David
From the Desk of Kimmy Sokoloff
Today is more of a wait-and-see day until the FOMC announcement this afternoon.
by David
From the Desk of Kimmy Sokoloff
Messy action all around today.
The market was up a lot pre-market and gave it all back early morning.