07/15/2023 Weekend Update

[Cobra]

Up 1 week, the next week has 53% chances to close up, 76% chances to make a higher high. So, more up.

[JFR]

SPY daily.

Positives:

EMAs 20 50 100 up and widening.

Trend up in stages since March.

Many marubozus on the way up.

Bollinger ''flowing'' up once again, and up since March.

Higher highs and higher lows.

MACD topped out. Histogram up.

Sto topped out.

Negatives: Three pushes up since March.

Too high, too fast?

Volume light in July.

Conclusions:

All systems go. But this trader will play it as daytrades on SPY, ES and the like. Some stocks and ETFs merit swing trades.

Just in my opinion. Have a good weekend.

[te_fern]

Over the weekend, please take a moment to vote for Cobra, thanks: https://stockcharts.com/public/1684859/ ... /533449377

[tsf]

JEFFHIRSCH
Jul 14, 2023 at 11:40 AM
NASDAQ Down 5 Straight During July Monthly Options Expiration Week
https://jeffhirsch.tumblr.com/post/7228 ... ly-options

2023 OPTIONS EXPIRATION CALENDAR
https://cdn.cboe.com/resources/options/ ... lendar.pdf

[BullBear52x]

From It is what it is department" There is the turn signals once a gain on Friday but no confirmation, need to see a daily swing low to say some sort of top is at hands.

Unemployment and unemployment rate are very low, only up from here just like everything else, from historical perspective with the yield curve we have. recession is on our way.

Swing setup: Last buy got stop out, bears earned a sell rip coupon from here until it fails will the bulls got a say.

Intraday: Friday closed with a negative price action. down Friday should carry the weakness into Monday. stick to what works, Peace!