BullsOnWallStreet

BullsOnWallStreet

$SPY - with its consistent grind for the month of April, we have finally found ourselves approaching ATH (All time highs) from back in October 18'. All indicators illustrating market breadth is exhausted and due for a pullback. With earnings and volatility arising in the majority of S&P names, we will be mindful of both directions the market can take. For healthy...

BullsOnWallStreet

$LYFT - has been an awesome ticker to day trade the last week since its IPO on the 29th. Hit the short side the first couple days and nailed the red to green on day 4. Tickers like these that are moving irrelevant to the market conditions have had the most luck in follow through. Today we had another nice selling off action, with an ORB short setup at the open,...

BullsOnWallStreet

$SPY - still not seeing the strength I wanted to see in my watch-list last week. This is especially true in the smaller caps. Pre-Market gains are consistently getting faded off in the morning, making it tough for market open traders to see follow through on their momentum based gapper setups. Some points for me going into the new week: - Wait 10-minutes after...

BullsOnWallStreet

$SPY - our $283 level of resistance finally broke over with the market busting over and gapping up this week. Spy currently sitting at $288.26 at time of post. Highs of market are at $293.85. 7th green day in a row, constant gap ups making it hard to get day trades with market breadth sucked out before market opens. In individual names, I have been take about 30%...

BullsOnWallStreet

$SPY - from our analysis on the 18th, we talked about the $283 area being a key area of resistance. Bulls wanted a consolidation under this level to allow stochastics & pullback from bollinger band pinch. Still hanging out in this range going into next week. Key support levels on watch - $280 (20MA Daily), $276 (200MA Daily). Before we see a clear direction in...

BullsOnWallStreet

$SPY - after a strong rally from the pullback in the first week in March, we have now approached an overbought level under $283. Stochastic's are over 80 showing us overbought condition, along with a pinch of the upper bollinger band on the daily chart. We also have a thick area of resistance/buyers in the low $280's from the past 6 months of price action. All...

BullsOnWallStreet

$SPY - we saw the weakness we talked about yesterday in the market. Continuation selling for Friday. Still no sign of strength or bounce action. We will be looking around the $235 market where the 200ma is on the weekly chart as a significant line of support for the market to catch itself and get back on its feet. Scary times. Trade small we have noticed even...

BullsOnWallStreet

$SPY - today marked another breakdown of lows for 2018, reaching levels of the summer in 2017. Reaching EXTREME oversold levels now. Easy shorts are close to being over. Remainder of week analysis is inside trading / week bounce into weekend

BullsOnWallStreet

$SPY - inside look today in the market leading up to the FED meeting at 2PM EST. Not as clean intraday movers this morning with most sitting on the sidelines waiting for the news to hit. Bearish sentiment still for us carrying over on the SPY. In need of an oversold bounce but overall still looking bearish on longer term time-frames.

BullsOnWallStreet

Look at the support and resistance levels set out for the $SPY. Looking at our hourly chart you can see that we have faded off our 3rd tap off $281 and are now hanging below $260 after hours leading into the open on Monday. Bearish outlook for the Bulls going into the week of December 17th. If we break and hold under $260, we may see increased volatility and short...

BullsOnWallStreet

We have been sitting in a bit of a range on the $SPY for the past week. Support and resistance levels have worked well in timing the sentiment on our intraday trading lately