weekly SPY

The week ending 11/05 the SPY printed a large momentum bar (teal candle).

Here is how the mipoint (blue horizontal line) acted as a pivot for the following 8-days where 100% of the momentum impulse has been retraced.
Also on the chart below (green horizontal) is the midpoint (as measured from the Close on 11/03 to the Open of 11/04) of the impulse gap up.  Support becomes Resistance:

The Original Amateur Hour

Down and Down she goes, and where she stops nobody knows:

20-EMA bounce

Many Daily issues bounced off of their 20-EMA's to start off this week, leading to a light volume trend day to the upside.
We gapped up and the first test of negative TICK was bought.The first 15-min bar of the SPY opened on it's lows and closed at the highs. Pay attention to these impulse candles! Not only that, but the close of this candle was just above the resistance level of the past two previous days. We eventually retraced 62% of the entire move from Wednesday.