jrolfsen

jrolfsen

More reasons to be bullish near-term

jrolfsen

Bulls attempt another early morning break from resistance levels, we'll see if it holds.

jrolfsen

Breaking out of the top

jrolfsen

failed breakout, looking to test support

jrolfsen

Will the market be forced under support, or will it break out of the resistance trend-line?

jrolfsen

Looks like it might go for a reversal, just waiting for further confirmation.

jrolfsen

Interesting formation on low volume

jrolfsen

Wedge is forming right below resistance level and a bit further above support.

jrolfsen

Enough said

jrolfsen

The downward channel breakout formed an upward channel, bounced off of resistance breaking out of the upward channel and plummeted past support levels back into the earlier downward channel. After bouncing off of a prior level, we now see a clear breakout up.

jrolfsen

Minute chart channel formation with bullish breakout

jrolfsen

Wedge formation on the SPY minute chart. Short-term bullish on a breakout up. Bearish on continuation or break down.

jrolfsen

I'm a buyer between 36-37 depending on where I see support being hit; along with clear reversal in RSI.

jrolfsen

If there's a clear breakout, I'll be a seller down to 1330.

jrolfsen

June 3rd - Solid channel up to resistance lines. Multiple resistance break-through with positive EOD volume. June 4th - Opens up trails near 200period EMA. Double top at prior resistance level, with following bearish move down.

jrolfsen

Bearish short-term if SPX closes today below 1645 on negative volume. Bullish short-term if close is above 1647 on positive volume. Will wait for next day confirmation.