Another good short entry point S&P 500

Looks like the past support is turning into resistance around the 141.00 level of the SPY SPDR. Price is being rejected by the 50 EMA as well at 141.  Short, target 135.

SPY, Support turned resistance?

Will this broken support turn resistance? Or will we test the highs again?  Let me know your thoughts.

The chart I love SPY LT

This has surprisingly good accuracy for long term. Pair it with MACD.  Good place to get bullish or bearish bias for smaller time frames.  Awesome day for the S&P 500 closing at 1395.96!

SPY, MSFT, BLK

Got stopped out on Blackrock over the week, pretty bummed as I still think it has room to run with my bullish bias on the S&P.

 Same for Microsoft.  Lesson learned too aggressive on the stops. I'm looking to reenter MSFT at a break of $32.  Looks like it is due for a breather, maybe even down to the $28 Jan breakout.

S&P broke resistance but still had a mediocre week. It is respecting the $135 support.  I'm still very much bullish. Weekly Chart

Dollar, S&P 500

Finally back in action after a long break.  Things are not looking good right now.

I am mostly cash at the moment, but things are looking very interesting for longer term. The dollar index seems to be holding a nice triangle for the moment.  I'm looking for a break of this before initiating any position.  The Fed kept fund rates low at .25% again, and the FOMC meeting will be very key to watch this afternoon. 

Also the S&P 500 is on a recent rally from the just above the 200 EMA.  It has broken it's 2 year uptrend line.  A possible test of this level around 132-135(SPY).  I'm treating that as a key level to see what is to come, I'm optimistic holding a few longs.  This might mean further dollar decline.  Hence mostly cash. patience.