WEEKLY MARKET OVERVIEW 

In my previous Weekly Report I was wondering how the recent SPY (S&P500 ETF) horizontal consolidation was going to resolve.

This what I wrote on June 5, 2022:
"Over the next week, it will be important to understand which is the pattern of...

WEEKLY MARKET OVERVIEW 

In this 4-day trading week, the market has mainly digested the gains from the previous week. The SPY (S&P500 ETF) has moved in a horizontal consolidation pattern, with both bulls and bears taking a pause from the past few months of wild price...

WEEKLY MARKET OVERVIEW 

After months of struggle and a sharp decline since the beginning of April, finally last week we got some relief in the SPY (S&P500 ETF) by getting five consecutive green daily candles. The post-Fed-news end of the week rally propelled an impressive recovery...

WEEKLY MARKET OVERVIEW 

After opening the week with a gap down for the sixth time in a row, the SPY (S&P500 ETF) showed some signs of relief on Monday and Tuesday. However, on Wednesday, a long solid red daily candle signaled that fear is still high. The week then ended...

WEEKLY MARKET OVERVIEW 

For the fifth time in a row, we opened the week with a gap down on Monday, with selling pressure on SPY (S&P500 ETF) continuing strong all the way until Wednesday. This new selloff brought prices below the key 400 level for the first time since...

WEEKLY MARKET OVERVIEW 

The last few weeks have been tough. A gap down four times in a row separates the last five red candles on the SPY (S&P500 ETF) weekly price chart. You might have to go back several years to find something like this.

The good news is that the $410 support...

WEEKLY MARKET OVERVIEW 

Following another horrible week, the S&P500 (SPY) closed the worst month since the Corona Crash, all after five months of struggles that began shortly after the 2021 Thanksgiving Day.

The fourth long solid red candle over the past seven trading...

WEEKLY MARKET OVERVIEW 

Following a week of horizontal consolidation above the $436–437 level, the S&P500 (SPY) began this trading week with a small body green candle, indicating the possibility of a bounce above this critical level. The session on Tuesday posted a solid...

WEEKLY MARKET OVERVIEW 

Following the previous week's downturn, the S&P500 (SPY) began this four-day trading week with a sharp gap down at the opening on Monday.

However, another massive potential wave of selling pressure failed to materialize once again, and the remaining days...

WEEKLY MARKET OVERVIEW 

Despite a solid start to the week, with a Monday session dominated by buying pressure, the S&P500 (SPY) gave up all of its gains on Tuesday and even gapped down at the open on Wednesday.

However, the new potential wave of selling pressure failed to...