LiferMikeBeau
Lifer
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
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
After hitting ATH on Tuesday, SPY has been moving sideways as it sits in a primary resistance zone. It hasn’t been long enough to really call it a bull flag, so we need the price to cross one of two areas to determine if the next move is bullish or bearish. Above ATH and 479.50 would start the next bullish wave, while breaking below 476…
Tracks posted an update 2 years ago
SPY is a little stuck in this zone. it didn’t break either of the levels we were watching yesterday. Slight adjustments today. Bullish target is still ATH and 479, while things start to get bearish if we break support at 475.35.
After continuing up a bit this morning, SPY started secondary bear cycles around 5am. It is currently below…
Tracks posted an update 2 years ago
SPY continued it’s bullish run again yesterday, making more new all time highs in the pre-market. The last level of primary resistance sits at 479. Beyond that, we need to look at fib levels for targets. The next one would be at 481.31. To get some bearish signals, we would need SPY to drop below 475.15 at the minimum.
Intraday, SPY has…
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