Weekly channel upside target at 2580, Sq9 support/resistance levels at 2550/2595.
Pivot line at 2560.
SPY painted a classic hammer candlestick and, time-wise, the current upswing is getting overextended, showing some similarities with Feb-Mar '17:
Market Breadth Data******************************
Saturday, October 21, 2017
$SPY Pattern and Trend
Strong momentum propelled the futures to new highs on Friday:
Weekly channel upside target at 2580, Sq9 support/resistance levels at 2550/2595.
Pivot line at 2560.
SPY painted a classic hammer candlestick and, time-wise, the current upswing is getting overextended, showing some similarities with Feb-Mar '17:
Weekly channel upside target at 2580, Sq9 support/resistance levels at 2550/2595.
Pivot line at 2560.
SPY painted a classic hammer candlestick and, time-wise, the current upswing is getting overextended, showing some similarities with Feb-Mar '17:
Wednesday, October 18, 2017
$SPY Pattern and Trend
So far, short opportunities have been few and far between in 2017, and shallow pull-backs have presented better long entry points:
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