Change In Behavior? Charts Remain Pointing To Higher Prices

Published 03/02/2015, 01:27 AM
Updated 07/09/2023, 06:31 AM

These are my thoughts on the SPY ETF

“One of the things I learned the hard way was that it doesn’t pay to get discouraged.” — Lucille Ball

A very quiet Friday which is a change in behavior to what we’ve seen and I’m not sure if this is a good or bad sign yet.

It would be nice to switch things up and see strength early in the week but only time will tell.

For now, charts remain pointing to higher prices.

SPY Daily Chart

(ARCA:SPY) is holding here but not moving yet.

Let’s see how today, goes but if all is well we will head higher, otherwise I’ll be reducing positions.

Latest comments

Loading next article…
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.
© 2007-2025 - Fusion Media Limited. All Rights Reserved.