Comments on: SPY Approaching Resistance, Market Update https://rightsideofthechart.com/spy-approaching-resistance-market-update/ Stock Trading, Investing & Market Analysis Thu, 09 Mar 2017 02:19:28 +0000 hourly 1 https://wordpress.org/?v=6.9.4 By: rsotc https://rightsideofthechart.com/spy-approaching-resistance-market-update/#comment-2629 Mon, 03 Oct 2016 13:58:56 +0000 http://rightsideofthechart.com/?p=173086#comment-2629 In reply to Nick G..

Nick- Yep, I noticed that on Friday. SPY tagged a high of 217.12 vs. that purple R line at 217.12 on a very brief spike, reversed & made one backtest of the 217.07 R level before reversing & selling off impulsively on high volume into the close with that selling carrying forward in the form of gap & crap so far today. Shown here on the 1-minute chart:

]]> By: joefriday https://rightsideofthechart.com/spy-approaching-resistance-market-update/#comment-2628 Sat, 01 Oct 2016 10:53:15 +0000 http://rightsideofthechart.com/?p=173086#comment-2628 In reply to rsotc.

Yep…that close Fri may carry over to Sun-Mon open… Gap down may be the case..after that window dressing end of quarter Friday….

]]> By: Art https://rightsideofthechart.com/spy-approaching-resistance-market-update/#comment-2627 Sat, 01 Oct 2016 01:21:50 +0000 http://rightsideofthechart.com/?p=173086#comment-2627 Very nice call Randy! wow great timing!!

]]> By: Nick G. https://rightsideofthechart.com/spy-approaching-resistance-market-update/#comment-2626 Fri, 30 Sep 2016 21:14:13 +0000 http://rightsideofthechart.com/?p=173086#comment-2626 rsotc….thanks for heads up…SPY dropping within a minute of your above comment.

]]> By: GetItRiight https://rightsideofthechart.com/spy-approaching-resistance-market-update/#comment-2625 Fri, 30 Sep 2016 20:13:02 +0000 http://rightsideofthechart.com/?p=173086#comment-2625 It looks like the 50DMA capped the advances last few days. Also, after 7 consecutive green months, this is the first red month since January. Not by much, open at 217.38 and close at 216.35.

]]> By: rsotc https://rightsideofthechart.com/spy-approaching-resistance-market-update/#comment-2624 Fri, 30 Sep 2016 19:53:58 +0000 http://rightsideofthechart.com/?p=173086#comment-2624 SPY printed a high of 217.12 so far vs. that mid-point line on my SPY 60-minute chart above at 217.12 & looks like we’ll close right around the 217 level. Objective time to add some short exposure for those willing to roll the dice as the markets are likely to either gap down or above that level on Monday & as this is a decent resistance level, odds favor a reversal (gap down).

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