Membercg2116
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Tracks posted an update 2 years ago
SPY gapped down this morning, getting into the high side of the $462 area. The updated support target is 461.25 now. From here it can really go either way. A bounce would still be in the ideal range for another leg up, while breaking below $458 would signal a potentially bigger move down, following the current trend. As I take trades today,…
Beau, MountainViews and 3 others1 Comment
Thanks for the analysis, Tracks! Love your posts!
Tracks posted an update 2 years ago
Here is my Watchlist list for this week. I think it’s going to be a while before we see confirmation in the bullish trades, so I’m going to be patient. Might take a week or two. The bearish ones I feel will deliver quicker, but likely smaller moves. either way, I’ll do what the the TA tells me.
https://www.tradingview.com/watchlists/18382564/
Tracks posted an update 2 years ago
My Watchlist this week. Small because I’m cautious.
https://www.tradingview.com/watchlists/18382564/Tracks posted an update 2 years ago
Happy New Year, everyone!
SPY is starting today with a gap up. Traditionally we see the first week of the year have some bullish movement as cash from selling losers last year for tax purposes is put back into other equities. However, it’s possible this is a bull trap and things could come back down. Filling the gap would definitely give…
Tracks posted an update 2 years ago
The 4H bear cycle is small, but still intact. No confirmation from daily chart yet, but if price moves down today we could see it happen. Next support is at 473.20, which would close out some smaller divergence we saw forming on Monday. There is strong resistance at 476.40, but it’s also the last day of the trading year, so anything…
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