stocktradecoach0396

stocktradecoach0396

July 13 2020 ... S&P500 SPDR has broken through intraday resistance and should be testing key 324 resistance level soon ..we are in the low volume and high volatility time of year .... the market will need a positive stimulus to give it enough momentum to break through the 324 level ... stay tuned this week

stocktradecoach0396 Updated 

June 30th 2020 ... it appears that the BULL has stopped snorting a bit ... a tight consolidation pattern has manifested itself over the last couple of weeks between 299.55 and 307.67 ... and the technical directional indicators have flipped to a BEAR bias ... watching that 300 support level very closely now ...

stocktradecoach0396 Updated 

On the stock market June 18 P.M. 2020 ... watching SPY test 313.84 this week if break then 324.00 ... a break through on 324.00 should fill GAP to 331.19 then ultimately to 339.08 provided momentum holds up ...

stocktradecoach0396

On the stock market June 18 2020 ... after FED chairman Powell's comments on June 11 2020 the market reaction was swift indication of the underlying fear around COVID19. From a technical point of view the BULLish channel has widened and can be interpreted that this event was averaged into the total picture causing the slope of the channel to be reduced (small...

stocktradecoach0396

On the stock market Friday June 12 2020 ... the COVID19 issue at this point is an on going issue that is capable of invoking FEAR in the market. FED Chairman Powell's remarks indicates this as we saw the market reaction yesterday. In spite of that the BULLish momentum has not gone away yet. Indications are that SPY support at 297.87 is currently holding up.

stocktradecoach0396 Updated 

On the stock market June 8th 2020 .... Bull market firmly in place now after Fridays U.S. jobs report. Watching BULL channel guidelines and key S&P500 SPDR resistance levels 320, 325.85, 333.00 then ultimately 339.08.

stocktradecoach0396

On the stock market May 26 2020 ... market up sharply breaking out of consolidation channel... S&P500 SPDR resistance buffer at 309.16 - 313.10 now in play ...