The NASDAQ-100 (QQQ) and S&P 500 (SPY) have both reached overbought territory as they test major lines of resistance. The market as a whole is likely to see a near-term top sometime in the next few days.
SPY/QQQ Are Mildly Overbought As Key Resistance Points are Tested Read Post »
SPY nearing critical breakout point in the first stage of what could be a resolution of the consolidation period.
As expected, the QQQ has rebounded off of oversold conditions as consolidation continues. The market is setting up for a big move by the end of January.
Market Bouncing off Oversold Conditions As Consolidation Continues Read Post »
Scenario 2 is now squarely in play, but with some updates.
Samwise Quick Reference Handbook To streamline our daily blogs and conserve space, we’ve organized key resources into a convenient, collapsible
Big Move Coming in January Read Post »
As of 5 AM EST, the futures are pointing toward a mildly red open which is precisely what we’d expect to see after the indices reached overbought territory last week. We’ll see if it sticks by the open.
Samwise Quick Reference Handbook To streamline our daily blogs and conserve space, we’ve organized key resources into a convenient, collapsible
SPY Reaches Fresh All-Time Highs as it Pushes into Deeply Overbought Territory Read Post »
Samwise Quick Reference Handbook To streamline our daily blogs and conserve space, we’ve organized key resources into a convenient, collapsible
QQQ Nearing Overbought, Vol Drops and the SPY Closes in on ATH Read Post »
Samwise Quick Reference Handbook To streamline our daily blogs and conserve space, we’ve organized key resources into a convenient, collapsible
Segment Rally Day 2 or Oversold Bounce? Read Post »
Samwise Quick Reference Handbook To streamline our daily blogs and conserve space, we’ve organized key resources into a convenient, collapsible