Trends remain higher and levels of intermediate term support moved up once again this week. I will be out on Friday and the video below outlines key levels of support for the market to hold for the buyers to remain in control. As emphasized in the video, if we see a break of these levels … Read More
Markets pulled back a bit this week but are still in solid uptrends so the theme remains “innocent until proven guilty.” The semiconductors still give us reason for caution, further price breakdown in that group next week could lead to the broad market pulling back deeper. The video below takes a look at the key … Read More
The battle at the 200 day moving average continued in the $SPY this week and after being rejected from that level on Thursday, the market fought back impressively today. The big rally we saw two weeks ago seems to be getting absorbed through a time correction rather than a deeper price pullback and that is … Read More
