Was it Just Some Big Waves? It has certainly been an interesting week. After staying in a tight trading range since the end of March, SPY broke out downwards, quite decisively, on Tuesday, followed by
Is It A Sleeping Bull? If we compare the SPY chart now and what was happening in February, we can’t help but be struck with the similarities. The market is in a consolidation phase (going
Is it a dead cat bounce? Quick answer: no. I’ve been seeing the current rally called a dead cat bounce but, while it is an amusing term, that’s not really what is going on here.
Caught in a bull trap? — and 2 day’s later update! — Oh, for the days when I was complaining that the market was boring! This one keeps throwing up surprises and not usually very
Some Bulls, Some Bears Well, the last 2 days have been interesting – both positive green candles with small shadows showing conviction among traders. Notice how the 200 SMA is pulling away from the trend
ITM Update: SPY and SPYG Well, a very disappointing week, although not unexpected. Last week we saw that both SPY and SPYG, were in a consolidation phase, and we were watching for a range breakout.
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