Thursday, October 01, 2015 4:35:54 AM
From September 2015 the 4 years old channel has been compromised. It's not yet totally broken in spite of trading so low bellow it, but should get there. If SPY doesn't break it and reach the top channel line which with QE is possible, then it will be revived. If it breaks before that then it's done with.
A new channel of lower speed may be formed, but the new speed will be slower which in itself means down risk elevated.
Let's try to trade this nonsense manipulated market using what we can.
Here's a Daily chart for guidance. It is a simplified version from what I use, but careful so we can see the forest.
For better view click 2 times on chart to magnify it (to max).
The chart is live. I don't need to annotate the chart notes all the time as support/resistance are often good for periods of time, but is good to check periodically before using if/when/what annotations on the chart was updated.
There are only 3 tools you should be really concerned here:
1. EMA50 (green), 2. SMA200 (gray), 3. SlowStochastics 10,5 (I added the standard 5 for reference as well)
Beside that you have formations/shapes, and cycles.
...KISS
Please note, this chart is loaded with volume INSIDE the candle. The a bigger volume will inflate a candle, while a small volume will make a candle small/er, sometimes real small. It is a great way to have a nice feel about the market action. Almost in any occasions when SPY struggled with small candles it was a matter of time till collapse (i.e. Nov 2014 and end of Dec 2014)
One problem is that in the morning because the volume is small the last candle is nearly nonexistent/invisible. You'd have to use a reg chart to see it at that time. Also 2 very small volume days near each other may appear as one.
Otherwise a great chart, the advantage outweigh the disadvantage by a lot.
Recent SPY News
- Form NPORT-P - Monthly Portfolio Investments Report on Form N-PORT (Public) • Edgar (US Regulatory) • 02/27/2024 09:08:56 PM
- Form 497 - Definitive materials • Edgar (US Regulatory) • 01/29/2024 03:40:28 PM
- Form 485BPOS - Post-effective amendment [Rule 485(b)] • Edgar (US Regulatory) • 01/26/2024 09:50:00 PM
- Form 24F-2NT - Rule 24F-2 notice • Edgar (US Regulatory) • 12/14/2023 03:06:43 PM
- S&P 500 Expected to Be Volatile This Week • Finscreener.org • 12/11/2023 10:21:00 AM
- MCD Stock: Is McDonald’s a Good Buy Right Now? • Finscreener.org • 12/11/2023 09:55:00 AM
- S&P 500 Index: Should You Expect a Santa Claus Rally In 2023? • Finscreener.org • 12/04/2023 10:15:00 AM
- Uber Stock Spikes On Its Inclusion in the S&P 500 Index • Finscreener.org • 12/04/2023 09:59:00 AM
- Form N-30D - Annual and semi-annual reports mailed to shareholders [Rule 30d-1] • Edgar (US Regulatory) • 11/29/2023 08:08:28 PM
- How Does ETF Investing Help Create Long-Term Wealth? • Finscreener.org • 11/27/2023 10:07:00 AM
- Can Tech Stocks Continue to Gain Pace This Week? • Finscreener.org • 11/20/2023 10:43:00 AM
- Will the S&P 500 Index Move Higher This Week? • Finscreener.org • 11/13/2023 09:54:00 AM
- Meta Stock Slumps Despite Beating Estimates • Finscreener.org • 10/26/2023 10:12:00 AM
- The S&P 500 Index Likely to Remain Volatile in Q4 of 2023 • Finscreener.org • 10/02/2023 09:23:00 AM
- Will the S&P 500 Gain Pace in the Final Week of September? • Finscreener.org • 09/29/2023 10:22:00 AM
- Will the Tech-Sell Off Continue This Week for the S&P 500? • Finscreener.org • 09/11/2023 09:46:00 AM
- Macro Indicators On Radar for S&P 500 Investors This Week • Finscreener.org • 09/04/2023 10:01:00 AM
- Form NPORT-P - Monthly Portfolio Investments Report on Form N-PORT (Public) • Edgar (US Regulatory) • 08/28/2023 08:33:01 PM
- Big Tech Earnings In Focus for S&P 500 and Investors? • Finscreener.org • 07/24/2023 10:41:00 AM
- Will The S&P 500 Index Enter a Bull Market In July? • Finscreener.org • 07/03/2023 10:41:00 AM
- What Next for S&P 500 After 13.8% Gain In First Half of 2023? • Finscreener.org • 06/27/2023 11:07:00 AM
- What Next For S&P 500 After It Gains 26% From 52-Week Lows • Finscreener.org • 06/19/2023 10:12:00 AM
- What Next for Investors As S&P 500 Enters Bull Market Territory? • Finscreener.org • 06/11/2023 08:27:00 PM
Endexx Corporation (EDXC) Leverages Global Market Trends and Legislative Reforms to Spearhead Growth in the Cannabis and Plant-Based Wellness Sectors • EDXC • Mar 27, 2024 3:01 PM
Applied UV, Inc. Announces Pricing of $2.76 Million Registered Direct and Private Placement Priced at the Market Under Nasdaq Rules • AUVI • Mar 27, 2024 2:51 PM
POET and MultiLane Collaborate to Develop High-Speed Pluggable Transceivers for AI Networks • POET • Mar 27, 2024 10:52 AM
Maybacks Global Entertainment Opens 23 More Stations in Important Major Cities • AHRO • Mar 27, 2024 9:00 AM
NxGen Brands Inc. Forecast to Deliver 140% Growth in Q1 2024 • NXGB • Mar 27, 2024 7:30 AM
Kona Gold Beverages, Inc. Strategic Advancements: Covert LLC Introduces Federally Legal D9 Gummies and Revamps Innovative eCommerce Platform, Propelling Toward $12 Million Annual Revenue Goal • KGKG • Mar 26, 2024 8:30 AM