The S&P 500 finds itself in a precarious position this morning.
It has now failed twice at its upper horizontal channel line (shown in black).
Trade well my friends
Alan
Stock Market Analysis - Large Cap Swing Trades - Momentum Stocks - Low Cost Option Plays Position Trades for Self-Directed IRAs
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Reading the Tea Leaves...
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2016
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April
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- Nasdaq at Most Overbought Level in Two Years
- AAPL's Situation Worsens
- A couple of good reads
- Focusing on the SPY Top
- Pro SPY Traders Agree with VXX Traders
- VXX Believes 3 Day Iron Grip Tractor Program to Fo...
- XLF Up Against Double Resistance
- Midterm Channels Projecting Market Pullback
- USO December Support Level Becomes Resistance
- Is Russian / Saudi Arabia Deal a Game Changer for ...
- S&P Establishing a Steep Declining Channel
- AAPL Rejected by 200 Day Moving Average & 1 Year D...
- An Interesting Article on Oil
- Stocks & Oil Indices At Major Resistance
- Float Up Friday Hits A Snag
- Another Float Up Friday?
- S&P Percent Above 50 Day MA Still at the Ceiling
- S&P Hanging On By A Thread
- NYSE McClellan Oscillator Drops Below Zero
- Percent of S&P Stocks Above 50D MA Points to a Mar...
- Are the S&P 500 Stocks Cheap?
- Oil Starting Next Leg Down
- Indices Close Friday at Major Resistance
- S&P Longterm Bear Market Signal Still In Play
- S&P Confirms Failed Backtest of 5 Week Short Squee...
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April
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