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Technical Update: Double Top in the S&P 500
Tuesday, April 30, 2013 - 7:47am | 479Read More...It has almost became cliché but once again it’s true. The S&P 500 is at a key technical level that investors will want to watch carefully going into Tuesday’s trading session. Some technical setups occur long before they become critical. Wedge patterns, for example, set themselves up long...
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SPY - SPDR S&P 500 ETF - Like a Rocket
Tuesday, May 29, 2012 - 7:00pm | 371Read More...Today the SPY - SPDR S&P 500 ETF , like a rocket, gapped up from the previous close of 132.10 to 133.16 . The intraday High of 133.93 was just below the Fibonacci level [ FL-L1AF382 ] at 134.39 which is a level where reversal can occur. That is what happened and after an intraday low of...
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SPY - SPDR S&P 500 ETF
Sunday, May 27, 2012 - 11:19pm | 362Read More...Today I will start with SPY - SPDR S&P 500 ETF . Since the low of 129.55, where the sub Fibonacci level at 129.66 was positively tested, the Price has been steadily rising from the base of a short term descending channel . The upper trend line is parallel with the lower trend line which was ...
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U.S. Dollar Plunges Into Negative Territory (UUP, UDN, SPY)
Wednesday, March 30, 2011 - 1:06pm | 106Read More...The U.S. dollar has fallen into negative territory within the past twenty minutes of trading as the S&P 500 ETF (NYSE: SPY) has reached intraday highs. Shares are currently trading at $133.96. The PowerShares DB US Dollar Bullish ETF (NYSE: UUP) sank into the red on high volume after trading...
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Dollar And S&P Trading In Tandem (UUP, SPY)
Wednesday, March 30, 2011 - 12:49pm | 104Read More...Looking for an early indicator on market direction in today's action? If you're not into futures, compare the daily charts of the PowerShares DB US Dollar Index Bullish (NYSE: UUP) and the SPDR S&P 500 (NYSE: SPY). As the three-minute charts show, the U.S. dollar is leading the S&P. When...
