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Is It Wise To Trade The Trump Effect?

Is It Wise To Trade The Trump Effect?

President Donald Trump has an…

Financial Sector Reports Record Profits

Financial Sector Reports Record Profits

The financial sector had a…

Joseph VanDerveer

Joseph VanDerveer

Joseph VanDerveer is the Chief Technical Analyst with 8 years experience in the trenches trading the markets with a brand new website and service

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SPY Bull Gift

Updated chart of Spy. No mini crash on 6/29-6/30. Looking for standard deviation and vix to calm down a bit with higher prices from here.

There are two cycles shown on the chart, one blue and one green both suggesting a turn next week.

Using support and resistance along with other indicators, the least resistance for now seem to be up.

The light blue rectangle is a gap fill, resistance from various sources, all within a particular time frame.

This is what I call a gift to the Bulls out there, be happy for now.

SPY Daily Chart

 

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