Adam Deewiz
LiferTracks posted an update 2 years ago
SPY showing sings it could continue up this week, with a 4H bullish cycle in play and a Daily cycle trying to start. However it is also hitting some resistance as well as the daily 200SMA. I’ll feel much more bullish if SPY can get above 444. From there, the next targets would be 449 and 456. If it can’t break that 444 level, it could…
Tracks posted an update 2 years ago
Yesterday, SPY hit a few of our bullish targets. It’s now sitting at some primary resistance, so it’s possible the mid level timeframes will need to pullback before it can go further. In that case, it could pull back as far as the 442 area before bouncing back up. Staying above 450 would help keep things bullish, and next upward target is…
Tracks posted an update 2 years ago
Here are the tickers I’m watching this week. I’m not prepared to catch any falling knives. It’s quite possible it will be a week or two before these are ready for me to enter. I want to see support under them, multiple timeframes showing signs of movement, and a higher low before I’m ready to enter.
CCJ
HON
TGTTracks posted an update 2 years ago
The SPY move yesterday brought it almost to the 100% extension of Wave 1. We’re in a good area for SPY to pullback for Wave 4 now, if it’s going to follow the ideal trend (the market is rarely ideal). Job numbers may be a catalyst this morning, with resistance above at 456.80, 457.60 and 461.30. The ideal retracement before the next leg…
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