The 
SPY closes the week just few cents above 196$ which was the last line of defense of the bulls.
The good NFP numbers made theSPY gap up above the daily uptrend line only to meet minor hourly trend line which it failed to pass.
Really interesting to see how next Monday will open - A gap down below 196 could mean back to the selling business. A gap up could mean a deeper pullback, maybe towards the 198$ zone which is the next resistance level.
If you are looking at the
IWM, you see that despite today's rally, the chart isn't so positive:
twitter.com/themarketzone/status/518128663804403714
I will talk about it in next week's Weekly Markets Analysis newlsetter
Sign up for free here: themarketzone.net/
SPY closes the week just few cents above 196$ which was the last line of defense of the bulls. The good NFP numbers made the
SPY gap up above the daily uptrend line only to meet minor hourly trend line which it failed to pass. Really interesting to see how next Monday will open - A gap down below 196 could mean back to the selling business. A gap up could mean a deeper pullback, maybe towards the 198$ zone which is the next resistance level.
If you are looking at the
IWM, you see that despite today's rally, the chart isn't so positive:twitter.com/themarketzone/status/518128663804403714
I will talk about it in next week's Weekly Markets Analysis newlsetter
Sign up for free here: themarketzone.net/
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.