Replies to post #31554 on SPDR S&P 500 (SPY)

[Footquarters]

Monday's Market Pulse





Hold short SPX and Dow with both closing at resistance, problem is that there is major resistance at 13200 on the Dow and best shorting area and there is near resistance at 1460 on the SPX with the best shorting area at 1465, QQQQ/NDX closed the day on a tradable long but also is hitting resistance. The NAHIGH was at lows so we should see a gap up first thing.... Maybe we gap over the resistance area???? On the 60 min charts all ended the day on buy signals using MA but still with neg MACD

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 1465, Hold long above 1483



NDX/QQQQ /Tradeable Long

Tradeable Long above 2043, Hold Long above 2118
Tradeable Long above 50.24 Hold Long above 52.08



Dow Hold Short


Tradeable Long 13207, Hold long above 13351