My goal with this blog is to post a simple technical read on some of the hottest stocks being discussed on social media during the week. By applying the KISS method (Keep it Simple, Stupid), I am hoping to reach those who seek a better understanding of how technical analysis impact a stock's price movement. I will only apply very simple technical reads, such as support, resistance, breakouts, channels, etc.
Wednesday, December 16, 2015
SPY Chart - 12/16/2015
SPY is bouncing off a key support level very nicely here. It is poised for a nice run upwards as long as FED cooperates tomorrow. Counting the minutes!