If we see a bounce materialize in $SPY in this area I am hoping (market doesn't care) for a bounce to make a lower high and then come down to 420-417 area Year-to-Date AVWAP (blue)200 DMA38.2 retrace of 22 low to 23 highand prior resistance pic.twitter.com/Zqna9452H9 — Brian Shannon, CMT (@alphatrends) September 26, 2023 Today’s […]
Chart of the Day – Monday, September 11, 2023
Keep it simple$SPY WEEKLY uptrenddrill down from there for entries and risk mgt pic.twitter.com/snL2FfAVze — Brian Shannon, CMT (@alphatrends) September 11, 2023 Today’s Chart of the Day was shared by Brian Shannon (@alphatrends). Brain reminds us that the S&P 500 ($SPY) continues to be in a Stage 2 uptrend. In the 1980s, legendary trader Stan […]
Chart of the Day – Monday, July 10, 2023
Peak analyst disparity? pic.twitter.com/v5g19JRS2i — Mark Ungewitter (@mark_ungewitter) July 10, 2023 Today’s Chart of the Day was shared by Mark Ungewitter (@mark_ungewitter). The chart on the bottom is making its rounds, as Bloomberg points out that Wall Street strategists are extremely spit right now. The gap between the highest and lowest year-end targets for the […]
Chart of the Day – Wednesday, June 14, 2023
No real #FOMC action just a lot of chop $SPY pic.twitter.com/4s3wh2OdDq — Michael Nauss, CMT, CAIA 🇨🇦 (@MichaelNaussCMT) June 14, 2023 Today’s Chart of the Day was shared by Michael Nauss (@MichaelNaussCMT). The S&P 500 was essentially unchanged today, closing higher by a paltry +0.08%. It wasn’t much, but it was enough to mark […]
Chart of the Day – Thursday, June 8, 2023
AAII: Bulls now firmly outnumber bears for the first time in 18 months. Should we run for the hills? In Nov ’20, we saw a similar shift to optimism after 8 months of pessimism. $SPX kept trending higher for the next 12 months. Follow trends. pic.twitter.com/h2pbgSxvtH — Brian G (@alphacharts) June 8, 2023 Today’s Chart […]
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