Stock Market Update: SPY

Joe Rabil gives an update to the stock market conditions and shows what is taking place in daily Volatility which may provide the next buy chance. He then discusses the key levels to watch for and the manner the market will need to pullback in order to setup an opportunity.
Joe's eBook: www.rabilstockresearch.com/book
Joe's Advanced Trend and Momentum Trading/Swing Trading School can be found at: rabilstockresearch.com/services/
If you have an interest in learning one-on-one from Joe, email [e-mail]. He will teach technical analysis in more detail or help with developing an investing/trading plan.
Joe Rabil is dedicated to providing unbiased analysis of stocks and markets. Helping investors use time-tested bottom-up technical analysis
The Technical Analysis that he teaches uses simple momentum indicators like the MACD and ADX to analyze and predict trends or trend changes using divergence and overbought/oversold readings. Joe is a recognized expert on Trend, Trend Momentum, and Multiple Time Frame Analysis. Here is a link to his book "Invest Like a Pro": www.amazon.com/Invest-Like-Pr...
Link for Discount on TC2000 Software and brokerage:
www.tc2000.com/?affCode=inves...
He displays the analysis in an easy to understand way, even for beginner stock trading.
The videos help with:
-Understanding how to use multiple time frame analysis
- Learning simple technical Analysis
- Effective chart patterns
-Tools for improving timing and reducing risk using multiple time frames
- Measuring trade targets
- Identifying good stops for trades
And most importantly trying to give the right mindset to trade efficiently.

[@greggrichards3338]

Joe, I love your SPY perspective, and what draws me in the most is you shade away from the predictions game, and you stick to repeating "what we should be looking for" in the surrounding technicals, to develop our own edge.
While I admit I am still broke, it's mostly because of my inability to shut out the people who "make predictions".
Really, they are no better at it than I am.

[@investlikeapro7977]

Hang in there. Thanks for the comments.

[@mehdikhosh8879]

Thank you, master, Joe.

[@investlikeapro7977]

You’re welcome

[@tg0186]

Thank you Joe!!

[@investlikeapro7977]

My pleasure!

[@shotgun1666]

Tha k you

[@investlikeapro7977]

My pleasure

[@michaeldesantis4494]

Great technical analysis as always! Momentum seems to be picking up again. Let's see how it plays out.

[@investlikeapro7977]

Thanks, Michael

[@erichaglund9026]

Joe - what are your thoughts about the MACD divergence forming on the SPY Monthly Chart? Price is making a higher high; however MACD is not?? Same on Daily Chart...

[@investlikeapro7977]

I don’t consider that divergence on the monthly. The peaks are too far apart and there was a bear market in between.

[@marinkoshutov9001]

Hi Joe what is your view on the forming trend in wheat

[@investlikeapro7977]

Strong move off the bottom is a good sign and action on Ags is bullish. However, there is some serious resistance coming up here and I want to see how it reacts when sellers show up.