02/15/2025 Weekend Update

[Cobra]

Up 1 week, the next week has 55% chances to close up, 77% chances to make a higher high.

So more up.

[JFR]

SPY daily.

At the all-time high.

Up against very strong resistance.

Volume is average or perhaps even low.

The indicators are bullish, after the climb up.

Caution. Eventually it will probably break out.

[grandeG]

Friday was fun, but seemed like some pretty light volume. Even on that little swoon down mid day. Barring any major administration surprises looks like the next big economic report will be the jobs report. That one may garner some attention. Have a great weekend everyone!

[te_fern]

Over the long weekend, please take a little time to vote for Cobra, thanks: https://stockcharts.com/public/1684859/ ... /533449374

[grandeG]

Interesting viewpoint here. Worth the 14 minutes. https://youtu.be/tgBfzSc-W4Q Pretty smart guy. Was even able to predict the Trump gap close to the day. Talk about a lucky guess!

[BullBear52x]

" It is what it is Department" It's a topping process untill the individual investors are back, right now they are out.

3rd time is a charm? no reversal to call to, so, chance is high for a breakout but will it sustains? I think not until the buyers are back, they traders will trade up/down but investor will need to jump back in to hold this up.

Intraday: this can change on a dime, Friday closed with a negative price action. $CPC =.7, too comfy, complacent like mad. trade well. peace!