I thought that today’s selling would mark an end to the bullish trend making it yet another sold off attempt of new highs. But when I looked at the chart later at the end of the trading session to my surprise it didn’t change the bullish trend at all and we are still in an Continue reading →
Posts Tagged With 'SPX'
$SPX selling another rally attempt today!
$SPX more and more the market tries new highs it is sold off – distribution phase. Big boys selling off to retails. Bearish
Is $SPX finally going higher or is more volatility coming?
Last couple of months it was really difficult to say what the market wants to do. It went up a few days, then reversed and fell hard next few days just to reverse again. Trading in this environment was extremely difficult for me. But at least it was a great opportunity for me to look Continue reading →
Market 3% off of the top. Is more selling coming?
The stock market fell by 3% since all-time high in February. Is more selling coming or are we going up again? Unfortunately, I think the uptrend is broken already and we will see more selling. Although tomorrow we may see a bounce from the oversold territory it looks like that the bounce will be sold Continue reading →
Market weak but a bounce may happen tomorrow
The stock market is weak and every move higher is immediately sold. Today we created a lower high which is a significant signal of a trend reversal. Tomorrow we may see a bounce up higher – I expect the market to bounce up to 2107 level, but then we may see a renewed selling pressure. Continue reading →
SPX trend expectation for the next week
Last week trading was within my expectations. Thursday trading was a small pullback based on the previous strong rally. That small pullback had a small impact on my trades, but nothing too dramatic and nothing hard to handle, although my profits weren’t as expected thanks to necessary adjustment. In my quest to assess where the Continue reading →
Thursday pullback drama and outlook for tomorrow, Friday, March 20
For me, Thursday was a disappointment. I expected the market to gain some momentum after Wednesday’s rally like we saw in the past in similar situations after FED uplifting reports. Today, it didn’t happen and the whole day we were drifting down after morning large sell off. This price action had an impact to a Continue reading →
FED cleared a path for the market to go higher
The uncertainty has been removed and future is great and bright again. Although it actually is not. But market participants are irrational and many times react the opposite way than any logic or common sense would expect. In the past few weeks, everybody knew that the US economy is slowing down, that it is not Continue reading →
Quo vadis FED?
Trying to assess where the market would go now is close to impossible. We have FED coming out with their report and the clowns at Wall Street will take their leaf reading witch craft ability to guess what Janet Yellen meant by keeping or removing a word “patient” from their report. Based on that they Continue reading →
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