If we see a bounce materialize in $SPY in this area I am hoping (market doesn't care) for a bounce to make a lower high and then come down to 420-417 area Year-to-Date AVWAP (blue)200 DMA38.2 retrace of 22 low to 23 highand prior resistance pic.twitter.com/Zqna9452H9 — Brian Shannon, CMT (@alphatrends) September 26, 2023 Today’s […]
Chart of the Day – Monday, September 25, 2023
$SPX – SPX "Looks" terrible (H&S….), but then again it did on 9/30 – 10/1 2021 ….. pic.twitter.com/Eer9klABqR — Nautilus Research (@NautilusCap) September 25, 2023 Today’s Chart of the Day was shared by Nautilus Research (@NautilusCap). Over the past three months, the S&P 500 has formed a potential Head & Shoulders top. The neckline of […]
Chart of the Day – Wednesday, September 20, 2023
Yo, Charts – S&P to 4200. Under there and the business goes apoplectic. pic.twitter.com/fknyHFRssO — da Chart Life (@daChartLife) September 20, 2023 Today’s Chart of the Day was shared by John Roque (@daChartLife). Bulls and bears have been at a stalemate for nearly two months, but the bears seized control of the near-term trend today. […]
Chart of the Day – Monday, September 18, 2023
It's like the market is waiting for a catalyst or something… 🤔 $SPX pic.twitter.com/iUNPPnCb2e — Frank Cappelleri (@FrankCappelleri) September 18, 2023 Today’s Chart of the Day was shared by Frank Cappelleri (@FrankCappelleri). Bulls and bears have been playing a game of chicken for nearly two months, with neither side in control. Volatility has seemingly vanished, […]
Chart of the Day – Friday, September 15, 2023
Mid-Sept Seasonal Market PeakW/ Fed on sidelines, end-Q portfolio rebalancing & quarterly OpEx key forces driving market. DJIA up 0.53% in Sept on 9/14. S&P 500, NASDAQ, & R2K still red. Except for DJIA, Sept perf has been below average. Does not bode well for the 2nd half Sept pic.twitter.com/VW4hE6qGjz — Jeffrey A. Hirsch (@AlmanacTrader) […]
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