Friday, November 13, 2015

SPY support and resistance


All these prices are important points for SPY:

MA(50):   200.6
MA(200): 205.01

Support:

208, 207.24, 206.4, 204.4, 202.4, 201.6, 200, 199.50, 198, 197, 196.01, 194.35, 191.7, 190.50, 188, 183, 182.4, 181.92, 173.71.

Resistance:

210.25, 211, 212.24, 212.59, 213.35, 213.78


Thursday, November 12, 2015

Support around 204 area

Can it find buyers around the 204 area, it has acted as support on 5 different times previously, if 204 does not act as support then the next strong support is 200 area. SPY sinked below all the major SMA's (8 SMA 209, 21 SMA 207, 200 SMA 206.5). Similar situation as the last week of Sept. could see another drop if the 204 support does not hold tomorrow's session could be crucial.



Monday, November 9, 2015

SPY breaks below 8 SMA

SPY managed to stay above its 8 DMA since 02 Oct when it move above it after the august lows. Today it has moved below it's 8 DMA. Next stop could be 21 DMA 206?


Friday, November 6, 2015

SPY moving along the bullish trend line


Another move up next week? that is what it looks like from the chart below,




Thursday, November 5, 2015

Tomorrow's job report could make the mkt move


Just moving along the trend line... just touch the trend line (also happens to be a 8 SMA 209.2) and keep on moving higher? If there is a pullback 200 SMA is 206.3, gap fill around 205, 21 SMA is 205.3.









Tuesday, November 3, 2015

SPY Nov,14 vs Now


The two rectangle areas are very identical, around the same time of the year, except in Nov, 2014 the 200 MA was sloping up vs now (Nov 2015) its still sloping downward, will be interesting to see if the DMA move up or price comes down to meet it?



Monday, November 2, 2015