Month: October 2009

The trendline from the March lows was broken this week, but trendline breaks do not assure a reversal, they indicate a slowing of the trend. The SPY is still showing a weekly pattern of higher highs and higher lows. A break below the October low … Read More

The trendline from the March lows was broken this week, but trendline breaks do not assure a reversal, they indicate a slowing of the trend. The SPY is still showing a weekly pattern of higher highs and higher lows. A break below the October low … Read More

After getting deeply oversold in the short term, the markets gave us a nice trend day higher and went on to exceed the targeted 106 level. With a declining 5DMA, it is difficult to trust rallies for more than a daytrade and this morning we … Read More

After getting deeply oversold in the short term, the markets gave us a nice trend day higher and went on to exceed the targeted 106 level. With a declining 5DMA, it is difficult to trust rallies for more than a daytrade and this morning we … Read More

The 106 level failed to hold as support yesterday and that brought a move down through the 61.8% retracement level from the October range and also down through the rising 50 DMA. The SPY has two uptrend lines from different timeframes which are converging right … Read More

The 106 level failed to hold as support yesterday and that brought a move down through the 61.8% retracement level from the October range and also down through the rising 50 DMA. The SPY has two uptrend lines from different timeframes which are converging right … Read More