Last week, we were looking for a potential range bound consolidation with a chance of recouping the 50 SMA. We have that now and the closing price was above the 50 SMA although price drifted a tad lower after hours which may or may not be irrelevant. Short term charts need some unwinding and [...]
Last week we got the anticipated bounce in a stock market downtrend. We are giving back some of those gains to start the week, but the key question is: What will...
The post S&P 500 Weekly Update: Backing And Filling… Or Worse? appeared first on See It Market.
Short week, and the anticipated bounce in the downtrend is what you got. Now the question for many - what will the indices do next week?. From what I see, I expect range-bound consolidation this upcoming week between 1884-1933 with big support at 1872 on $SPX. Of course, there is a chance of going higher [...]
Last week saw another week of selling in the stock market – fast controlled selling. But it gave way to another sharp oversold rally on Thursday after the S&P 500...
The post Stock Market Update: The Roller Coaster Ride Continues appeared first on See It Market.
Another week, another downward move - fast controlled selling and another sharp oversold bounce from tradeable lows. The price action on Friday looked quite similar to Jan 20th although there are some positive divergences emerging for the very short term. And all bounces so far have culminated at either 38.2% retracement or 50% retracement [...]
Nothing much to write about. Stealth bear market type rally and back to statuesque. The end of January gave some hope but come February, markets are off with a thud. Expect more chop ahead in continued downtrend. May be we get a bounce but don't expect much. Friday's action was more sell the dip [...]
Greetings to all my followers in both Stocktwits and Twitter. As of today, I've reached a very important milestone in my Trading career, even though it has been a part time one. I've completed 20,000 followers in Stocktwits and I have to thank you for each one of your follows, interactions on your daily [...]
Are we out of the woods yet? The answer to this question is pretty simple: No. However, the action at the end of last week and the month of January...
The post Stock Market Update: Can The Bounce In Stocks Continue? appeared first on See It Market.