The $SPY is currently sitting on support. We will have to wait and see if it bounces up with volume with the help of institutions or will it break support and continue lower. The market has been headed lower, so keep your funds in cash until the next swing up.
With the stock market in this downtrend, has Alexion reached a support level at this price? The market tried to rebound today, but sellers dominated the price action. Protect your capital. It is a difficult market right now.
The S&P 500 stock chart is showing a range bound market that is right at the bottom end where support may come into play and move the market higher. Let’s see what happens. The market is still very volatile right now, so you should be in cash. If you feel the need to trade, you …
It is good to see the Nasdaq move up on volume. Obviously, the news fueled this move today. Hopefully, it will continue to move up over the next few days.
This analysis shows a stock that may breakout. Let’s wait to see what the market does and if the stock follows through with volume to the upside. Always consider market analysis when considering putting your capital to work.
This chart analysis points to a stock that might break out. Set your price alarm to see if it powers through the buy zone with volume. Please take a look at my trading rules.
The Nasdaq had an interesting week. The chart pattern shows a jump off the bottom and the a follow through day. You can trade this chart, but it would be very difficult. The stock market still has a lot of uncertainty and volatility. Will the tech analysis show the pull back on Thursday and Friday …
As you can see with this technical analysis, the stock market has suffered severe damage. Be careful, the market is very volatile right now.
Here is the technical analysis of SPY. Even though it bounced off of Monday’s lows, at KIS Chart Analysis we would like to see it come down and fill the gap before it continues this move up.
Jack in the Box has formed a good example of a Flat Base.