SPY Rolling Back Over On Solid Volume

Published 06/14/2015, 04:56 AM

“The healthiest response to life is joy.” Deepak Chopra

A very weak Friday but my one positions, DATA, is holding up well and I can’t say that about many stocks right now.

I’m seeing lots of failed breakouts or short-lived moves so that really isn’t an environment I like to trade in.

Staying whole while we wait for great setups is key so enjoy the sun while markets build charts.

SPY Daily Chart

ARCA:SPY is rolling back over on solid volume.

I’m just not at all interested here and sitting in almost all cash.

SPY looks like it wants to move lower to test the 100 day average again and then we see how that goes.

On the flip-side, if we move above 212, that would be very positive.

Take some time off and wait for the easy trade to come to you.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2026 - Fusion Media Limited. All Rights Reserved.