For my analysis for Tuesday's trading, I am anticipating a move down. The market failed to get back to 2088 yesterday and breathed more life into the sellers to take this lower. I am looking to see this test out the low 2050's. The MACD is in favor of the bears. The stochastic however is approaching oversold. The price pattern isn't too bad as it stands now. The...
For my analysis for today's trading day, I am anticipating a move up. The market has been sold off in a rather quick fashion and this caused the fast stochastic line to reach oversold quickly. During this market run, dips have been bought and this run has featured quite a few "V" shaped rallies. If it holds, it can get a chance to regain its lost ground but if...
The S&P 500 made a possible continuation signal from Wednesday's trading session. While it did close back above 2095, I am concerned about the candle it formed. This gives an edge to the sell side to continue its move lower. It may attempt to move to 2100 but that has a chance to be short lived.
