The FED rate hike concerns and run on SVB in california turns S&P SPY bearish ... now will be watching support test at 384.23 on the open March 13 2023... if breach then watching support band from 378 to 374 ...
S&P 500 SPY bounced off key resistance level 393.64 last week tested resistance 405 at the SMA30 line and sold off today on Powell signalling possible higher interest rates again ....
S&P SPY resistance holds strong at around the 397.62 level .... now watching support band 393.64 to 391.64 ..
The markest sells off today as the market speculates on inflation and the spike in the FED interest rate .... watching intrady S&P 500 SPY support at 398.82 ... if breach then support at 391.64 and ultimately 387.26.
The S&P 500 SPY consolidation continues around the 410 level .... new parameters in place on channel ...support tested and held at 405.50 .... resistance at 415.05 ....
S&P 500 SPY consolidates around 410 at the beginning of the week ... intraday support 408 .... intraday resistance 412 .... as the U.S. awaits Bidens speech tonight.
S&P 500 SPY pops as the market reacts in a very BULLish manner in response to Fed Chair Powell today .... SPY closes above the key 410 resistance level now... watching the open closely in the morning as 410 is tested ...
Watching the S&P SPY 500 next resistance level at 410 after todays clear break out of 402.65 ...
S&P 500 breaks out watching resistance at 402.65 then 410 .... if break through at 410 then watching 420 and ultimately 430 ....
S&P 500 SPY bounces high off key 390 support ...intraday resistance ... 396 ....tech was strong
U.S. market sells as pundits digest the politics of the debt ceiling ... S&P 500 SPY tests the key 390 level and moves into the 386.21-387.41 support buffer in the morning ...
S&P 500 SPY runs into strong intraday resistance at the 400.23 level ....watching for first level support at 390.14 now ...
S&P SPY 500 closes near highs of the day and appears strong going into the beginning of "earnings" reports next week ... have a great week end !
S&P 500 SPY breaks key 390 resistance level .....next key level at 410 now .... as volatility continues
S&P 500 SPY hit the key 390 - 391 resistance band and succumbs late in the day ... watching for a close above 390.50 ... that will give an indication of a positive open in the morning ... expecting volatility here ... as pundits digest global politics ...
January 6th 2023 - support at 380 held through typical low volume volitility over the holidays ... Santa rally did not show up this year ... will be watching 390 - 391 resistance band on Monday after todays strong bounce
Dec 30 2022 - as expected a very low volume day today .... S&P SPY maintaining the 380 support level into the last hour of trading this year of 2022 .... WISHING ALL FRIENDS THE BEST IN 2023 !!!
Dec 23 2022 - S&P 500 SPY support at 380 tested and held on Thursday Dec 22nd .... now watching intraday res @ 382 .... if break then 388 and subsequently 395 ....