alice, nftrh

SPY Parameters Updated

A simple progress report on SPY's bounce.  The initial rally today put SPY back above the resistance line roughly equivalent to SPX 1975, which was Resistance #1 to the bounce…

Comments Off on SPY Parameters Updated
alice, nftrh

US Stock Market’s Contrary Support

So far the correction is generally going to plan.  SPX dropped out of the nose of the Diamond pattern, lost both the 50 and 200 day moving averages and dropped to support.  That was all according to plans.

(more…)

Comments Off on US Stock Market’s Contrary Support