• 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
    TGT

    Beau, Howie and 4 others
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  • 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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  • I just realized that I was watching TGT for something else and accidently added it to this week’s watchlist on the bearish side. TGT should NOT be on this list.

    benz1302 and am956r
    0 Comments
  • Profile photo of Hunter

    Hunter and Profile photo of TracksTracks are now connected 2 years ago

    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,…

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    Beau, MountainViews and 3 others
    1 Comment
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