Posts Tagged by SPY ETF analysis
Markets are likely to blow past October lows
| November 27, 2011 | Posted by admin under Day Trading Ideas, Stock Market Analysis, Swing Trading Ideas |
By Cory Mitchell, CMT The markets are not in a good position. On November 17 I wrote an analysis entitled SPY breaks below key chart pattern support pointing out that the market had broken to the downside out of a significant chart pattern–indicating a further slide. This has so far been the case. On SPY, the S&P 500…
SPY breaks below key chart pattern support
| November 17, 2011 | Posted by admin under Day Trading Ideas, Stock Market Analysis, Swing Trading Ideas |
It could get ugly for the bulls as SPY, the S&P 500 ETF, has broken below key Pennant Chart Formation support. The break occured when SPY opened this morning below 123.90. SPY currently trades at 121.82, down 1.83% on the day heading into the last hour of trading. Pennant are usually considered continuation patterns, which…
The Respectful Stock Market – A Look at SPY (S&P 500 ETF)
| January 14, 2010 | Posted by admin under Day Trading Ideas, Stock Market Analysis, Swing Trading Ideas |
I just wanted to take a quick look at the SPY. With shallow volume and seemingly limited retail interest, the market is being driven around by algorithmic orders based on technical price levels. When we break down the chart of movement so far this year, the stock market (we will use SPY, the S&P 500…
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