Replies to post #29859 on SPDR S&P 500 (SPY)

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Monday's Market Pulse Take notice of 1523 SPX 13700 Dow


Hold short SPX and Dow, hold long barely with QQQQ/NDX. Near term, any ramp to the 1523 SPX or 13700 area would give you the best short. These two areas are strong resistance. If it somehow gets past these areas, you would have a strong move up. The NDX/QQQQ is rallying on less and less and one has to wonder when the party will end.



Near term signals- Markets are not in-sync. Strongest signals when they are all on the same signal.

Tradeable shorts or longs are a possible day trade, risky to hold overnight.


Good Luck

SPX Hold Short


Tradeable long above 1521, Hold long above 1525



NDX/QQQQ /Hold Long barely


Tradeable Short below 2213, Hold short below 2187
Tradeable Short below 54.40, Hold Short below 53.75



Dow Hold Short


Tradeable Long 13700, Hold long above 13705