The market started making new lows (S&P 500 734.52) from those of November (S&P 500 741.02). The rest of the day was choppy and ended with the S&P 500 closing at a 12 year low. Volume was high.
Surprisingly the S&P 500 printed a 12 year low but no crash occurred. Also fear indicators while high [...]

The market opened higher but quickly turned down into a downward trend channel for the rest of the day. At the end there was a mini sell off within the channel bounds. S&P 500 traded between yesterdays high-low range. Volume was average on the light side.
If market doesn’t turn upwards quickly there is a real [...]

Today the market opened below yesterday’s close and after retreating to 752.89, it printed higher highs and higher lows. In the last half hour of trading a sell off took place but no new low was made.
The SPY daily shows a 3 months double bottom. A close above 80.00 will definitively confirm it. While a [...]