technical analysis

Folks seem to have finally grown tired of buying the dip.
The market made a U-turn to end in the green.
Given its practical value, silver is at a very interesting level.
After these wild swings in the S&P 500, the index has returned to the middle of its trading range.
Be cautious trying to fade a fresh break of Friday's intraday low.
This does not feel like a panicky environment.
Monday's primary area of interest on the SPY should be $182.40.
That should be enough to produce a short-term capitulatory low.
The stock's next retreat could make for a nice buy opportunity.
There is a mismatch in timeframes for the charts.

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