Happy day for all my swing trades out there! :) Now we see finished the day at a key level as we ultimately are on a sloppy downtrend. I expect to see a move downwards by our SPY friend back into support levels around the 384.50 mark. This support level has been tried many times now which may seem as a reliable bounce level, but we gotta remember it just means...
We have a great set up here on VIX to breakout once again as SPY has filled the gap from today. Looking forward to a break above resistance and the official start of the bear break through of SPY.
Goodmorning everyone, i have an exam on MEMS devices today which is why i took a bit on this idea. Today and tomorrow if it hasnt happened yet, will be to fill the gap from the slight dump we woke up to this morning, so dont be weirded out if we see 394/395 levels between today and tomorrow again. However, once this is done i expect us to be back on track for...
My favorite indicators are the SMAs along with RSI, we are about to experience a death cross as the 50-SMA will be crossing below the 200-SMA in no time. We are far from the bottom on SPY. A lot of ground to cover along with VIX as we are holding lower and hgihger values respectively on the smaller time charts. Lots of potential for a dump
