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SPY (S&P 500) - 1 hour chart - At the close 02-23-25. Looking exhausted?
Stockcharts ^ | 02/25/24 | self

Posted on 02/25/2024 5:43:45 AM PST by Eccl 10:2



TOPICS: Business/Economy
KEYWORDS: investments; sandp; spy
Note: 1) The weak action late Friday 2) RSI breaking down 3) MACD fast approaching breakdown 4) Stochastics approaching breakdown
1 posted on 02/25/2024 5:43:45 AM PST by Eccl 10:2
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To: Bob434; calljack; cgbg; Craftmore; DCBryan1; EEGator; Fireone; fretzer; hecticskeptic; ...

Please ping me if you want to be added to the list, but…

NOTE: For discussion purposes only. I am not any sort of financial or investment professional, and I take no responsibility for any actions taken by you, nor does FreeRepublic.com.


2 posted on 02/25/2024 5:44:33 AM PST by Eccl 10:2 (Prov 3:5 --- "Trust in the Lord with all your heart, and lean not on your own understanding")
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To: Bob434; calljack; cgbg; Craftmore; DCBryan1; EEGator; Fireone; fretzer; hecticskeptic; ...

I’m not looking for an apocalyptic crash, just maybe a pullback to the 503-ish area.

On the bullish side, LT govvy bonds had a big day Friday, so there may be some extra liquidity ready to refuel the rally.

Also, TPTB will likely push the market higher for November. But there will be some tradeable swings in between now and then.


3 posted on 02/25/2024 5:50:28 AM PST by Eccl 10:2 (Prov 3:5 --- "Trust in the Lord with all your heart, and lean not on your own understanding")
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To: Eccl 10:2

Surprising Sunday morning post from someone who takes a Bible verse as a screen name.

Matthew 6:24 comes to mind...


4 posted on 02/25/2024 6:27:13 AM PST by mac_truck (aide toi et dieu t'aidera)
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To: Eccl 10:2

Meaningless. Where will it be in 2-3 years?


5 posted on 02/25/2024 6:40:41 AM PST by SaxxonWoods (Are you ready for Black Lives MAGA? It's coming.)
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To: SaxxonWoods
Meaningless.

If it were meaningless, there would be no need to even have a DOW, nor to track it.

6 posted on 02/25/2024 6:57:49 AM PST by Sirius Lee (Tonight on The Bickersons... )
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To: Sirius Lee

Ugh! S&P. LOL


7 posted on 02/25/2024 6:58:11 AM PST by Sirius Lee (Tonight on The Bickersons... )
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To: Eccl 10:2; Theoria
If I'm not mistaken the witches ride soon ....
(derivative expirations collide)

I don't really follow that space, usually I get caught by surprise ... hopefully not this time.

Because all you guys will cheerfully share your insights ..how cool is that?
third Friday next month?

I'm thinking we may be noting some key indicators coming up before we get there...
But how to interpret them ?
that is the trick.

Things seem a bit off balance to me , NVDA is a bull in the china shop.

8 posted on 02/25/2024 7:21:23 AM PST by 1of10 (be vigilant , be strong, be safe, be 1 of 10 .)
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To: Sirius Lee

.
“If it were meaningless, there would be no need to even have a DOW, nor to track it”

Everything in finance is about getting people to constantly go after the next big thing. Trade, trade, trade. Drop that, buy this! Which is why most people never get wealthy.


9 posted on 02/25/2024 7:54:07 AM PST by SaxxonWoods (Are you ready for Black Lives MAGA? It's coming.)
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To: mac_truck

“Surprising Sunday morning post from someone who takes a Bible verse as a screen name.

Matthew 6:24 comes to mind...”

##################

Actually, Matt 7:3 comes to mind


10 posted on 02/25/2024 7:58:23 AM PST by Eccl 10:2 (Prov 3:5 --- "Trust in the Lord with all your heart, and lean not on your own understanding")
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To: 1of10

“I don’t really follow that space”

$$$$$$$$$$$$$$$$$$$

Well, it’s not for speculators generally (unless you’re playing options on it), but it does represent 80-85% of the market cap of the total US stock market.

So it’s not a bad idea to keep tabs on it no matter where you invest.


11 posted on 02/25/2024 8:15:45 AM PST by Eccl 10:2 (Prov 3:5 --- "Trust in the Lord with all your heart, and lean not on your own understanding")
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To: SaxxonWoods
Meaningless. Where will it be in 2-3 years?

600

12 posted on 02/25/2024 9:23:57 AM PST by ArcadeQuarters (You can't remove RINOs by voting for them!)
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To: Eccl 10:2

“80-85% of the market “

ha ha ha ... ya but how could that effect MEEEEEE..??

could my OX get in a ditch over it ?

Looks like we are stilling hanging out at the lodge...
but I saw some gold bugs crawling around ... nobody will stay here long
We could still go skiing Monday
I think it all depends on the
Temperature at the Forest
I think I’ll bundle up
I can always shed a sweater if it gets hot
still glad I packed my shorts ...


13 posted on 02/25/2024 11:20:58 AM PST by 1of10 (be vigilant , be strong, be safe, be 1 of 10 .)
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