Comments on: SPY Swing Trade Update https://rightsideofthechart.com/spy-swing-trade-update-2/ Stock Trading, Investing & Market Analysis Wed, 06 May 2020 05:28:11 +0000 hourly 1 https://wordpress.org/?v=6.9.4 By: chrisneal https://rightsideofthechart.com/spy-swing-trade-update-2/#comment-17459 Wed, 06 May 2020 05:28:11 +0000 https://rightsideofthechart.com/?p=201033#comment-17459 In reply to VA guy.

NG kissed the 1/3 line for this big long term channel. In 2016 it had to make 2 runs to break through that line. I’m half expecting NG to fall back to 1.45 before it goes for the big run, but who knows.. this could be it

]]> By: VA guy https://rightsideofthechart.com/spy-swing-trade-update-2/#comment-17404 Tue, 05 May 2020 20:16:52 +0000 https://rightsideofthechart.com/?p=201033#comment-17404 Energy (UNG & USL) doing well. Also, energy stocks in a strong rebound, especially those with a strong NG production position. Any thoughts on this sector?

]]> By: Reddington https://rightsideofthechart.com/spy-swing-trade-update-2/#comment-17403 Tue, 05 May 2020 20:02:14 +0000 https://rightsideofthechart.com/?p=201033#comment-17403 In reply to rsotc.

Nice Call Randy

]]> By: rsotc https://rightsideofthechart.com/spy-swing-trade-update-2/#comment-17402 Tue, 05 May 2020 19:49:34 +0000 https://rightsideofthechart.com/?p=201033#comment-17402 I should have added that the impulsive drop that started around 3:18 pm EST also coincided with a rejection off the top of the big May 1st gap which followed the breakdown below the 60-minute rising wedge pattern (i.e.- a backfill of that gap today, leaving no unfinished business behind, should SPY continue to move lower from here).

Likewise, /NQ & /ES were also rejected on failed attempts to take out the resistance levels highlighted in today’s video while QQQ was (so far) rejected off a test of the April 30th reaction (previous) high & is currently testing the top of its comparable May 1st gap (support).

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