After a strong day up the S&P Indicator is now in bullish territory signalling a bullish trend. The S&P was able to fill the gap from Friday’s decline and hang around its resistance level. The more a resistance level is touched the weaker it becomes. Now with a bullish trend and SPY testing resistance there […]Read more
SPY’s week started ok, improved mid-week and then Friday took a nice dump. The first noticable thing about last week, was SPY’s failure at its all-time highs. Twice the market pushed up to these highs only to fail. Our chart has been highlighting the strong resistance from 210.50-212 for a while. Last week was no […]Read more
THROW OUT YOUR OLD INDICATOR Piker Signals is a simple, modern indicator that adjusts with the market’s volatility and trends. Our indicator levels move with the market since it is based on supply and demand, which moves the market rather than price. HOW IT WORKS The proprietary Piker Signals algorithm identifies key market reversal points, either on the […]Read more
The QQQ indicator hit Overbought on the 16th, giving a sell signal and is now trending bearish.Read more
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