Shorting here on a rally. doji is confirming bulls are running out of steam
SPY is trending under its 200 ema. Approaching resistance, don't expect it to break as volume is contracting as it approaches resistance.
Overall market is weak, heavy volume on red candles. Facebook is struggling to break resistance, which also happens to be the 200 ema on 1 min chart.
Market is smack in the middle of a range. This is called 'no mans land' people. This is a no trading zone. Wait for market to get close to its resistance line (illustrated) or near its 200 ema.
Shorting here, with a stop above the trendline.
Looking to add to short here as market+ plus all time frames are looking to head lower
Adding to my short here, a tiny downtrend forming
Rally lacks volume, chart looking bad on all timeframes.
Approaching major resistance. Sitting under a slight sloping 200 ma. 60 minute shows trend going down.
Shorting here, great entry point as all time frames are pointing downward
Stock is at 1st target zone, tightening my stop to previous low of recent candle
Buying @ trendline bounce. Keeping my stop loss tight as the overall market is trending down.
Facebook seems to be leading the way for the market (as always). Went short SPY, however got stopped out simply because Facebook is in an uptrend.