Mike's Mid Day Minute is available to members on Monday, Wednesday & Friday evenings, with one article per week available to non-members. Members please login and see "Mike's Mid Day Minute" in the navigation menu towards the top of the page.

S&P 500, SPY Set to Hurdle Highs


With the SPY's about 0.25 from a new high, and the pattern of higher pullback lows very much intact, is there any reason why we should NOT expect the SPY to hurdle 139.14 in the upcoming hours? At this juncture, only a decline that breaks Friday's low at 137.72 will trigger very preliminary signals that the bulls are exhausted (on a micro trading basis), while a break below the pre-election low of 136.20 is needed to trigger more meaningful negative signals. Otherwise, a sustained hurdle of 139.14 will project towards 140.00/20 next.
  • Action-Oriented Trade Set-Ups in Stocks & ETFs
  • Macro Analysis of the Broader Markets
  • Detailed Technical Guidance for each Trading Idea
  • Live Interaction w/ Mike & Our Member Community
  • And Much, Much More!
Join Now! - Special Offer!
Veteran Wall Street analyst and financial author, Mike provides detailed and timely analysis and trade set-ups on a range of markets. Read more...

Have Mike's “Out Front” morning analysis delivered FREE to your email inbox twice weekly!