Posts Currently viewing the category: "SPY Analysis"

SPY has had lots of scalping opportunities I thought it might be interesting for some to see where those are found. These are the scalps I made today in my cash accounts, small positions each time. I used the 2minute, 5minute chart and hourly chart, bollinger bands, and the 5ma and 10ma. Along with support…(Read More)

If you studied my fibonacci guide from Monday and practiced it, you will have been able to accurately call the bottom of many stocks today. And pivot points as well It should be no surprise, after you practice fib lines, how they line right up with your pivot points and other areas of support/resistance…(Read More)

—————— TUES JULY 24 —————— Google earnings interrupting my put play, their earnings were huge too. Right now SPY is wedged between the 5ma and the 10ma. Based on the weekly trends this should be a period of consolidation and retraction. But building a base here could also be a launching area for bigger movement.…(Read More)

THURS JULY 19 Futures pulling back overnight, basically stocks just flat after a big run. 280.05 still support and holding but is the key line like it was yesterday to defend. My guess is SPY is sideways today before moving more unless we get a breakout at open. The pattern leading into today is…(Read More)