the_sunship

SPX - The grind continues - plus AAPL, TESLA, AI, GEO, Nat Gas

the_sunship מעודכן   
AMEX:SPY   SPDR S&P 500 ETF TRUST
Didn't get what I wanted to see today, that's trading for you. The possibility that we keep grinding higher for a week or more is certainly viable after today. Above we have the following - daily BB at 4190, Weekly BB at 4180, 100 weekly ma at 4215 and Monthly 18/20 at 4190 and 4210 respectfully. Some stocks like Tesla and AAPL seem to want to go higher after today and other stocks I'm watching also want to get a bounce. So there you have it, I was expecting something more but the market is simply not ready to drop. More grind will likely continue, even if we sell off tomorrow. I will keep watching and waiting for a definitive move down.

Good luck!
הערה:
I'm seeing a triangle here - not sure which way it breaks.
הערה:
if it drops, triangle target is 405 on spy
הערה:
hourly rsi already at it's lows, I'm still expecting one more high to test the resistance points mentioned in the video. We'll see at open.
הערה:
18ma on daily reached. If they lose it, expect a rally up to test it sometime today.
הערה:
weekly chart, another tag of that upper BB last night
הערה:
vix
הערה:
uptrend on SPX coincides with 18ma, needs to break that support otherwise we go higher again.
הערה:
no break of 18ma, market won't break until it's taken out. Maybe today, maybe after more highs, not sure.
הערה:
market broke 18ma, next support lower BB at 4030. Any bounce to 18/20ma is a solid short opportunity, if they get it up there tomorrow.

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