US Market Review for week ending May 15th 2020

US Market Review for week ending May 15th 2020

61.8% Fib Level Proved Resistance This week in the SPY we saw a loss of 2.1% after hitting the 61.8% Fib retrace level of around 294.12. The high for SPY on Tuesday was 294.24. SPY Weekly Options Performance In the 7 DTE option chain the biggest %gain was observed in...

US Market Review for week ending May 8th 2020

Still flirting with the 61.8% Fib Retrace Level but lower Implied Volatilities This week in the SPY we saw a gain of 3.37%, bringing us back up to re-test the major 61.8% Fib retrace level. This new re-test is occurring as Implied Volatilities across the board are...

Is The Bear Market Rally Ending?

For the week ending May 1st 2020, here’s a quick summary of the US Market Week SPY Unchanged from previous Friday BUT hit a major technical level during the week: The 61% Fib retracement. SPY hit its head on the 61.8% retracement level and started selling with...