priceprophet

SPX End Of Week Evaluation

SP:SPX   S&P 500 Index
Trend Analysis:
The current trend is defined by the last price and it's relationship to specific moving averages.
Check the MA strategy for more specific suggestions.
Weekly: The relationship to the primary trend MA is bullish. The price in relationship to the other averages suggest long positions

Price Action:
Weekly: The average price range currently is 116.96 points/ticks/pips. Prices are currently 2.4x the normal trading range. Prices can encounter consolidation and begin transitioning counter trend.
Prices have broken through the high value of the consolidaiton range.

Standard Deviation
Weekly: Standard deviation suggests a range from 3715.91 to 4057.77 for the following week.

Calculated Price Strength:
The strength of the trend in conjunction with specific averages.
News announcements can change the strength and directional attitude.
Weekly: Trend strength suggests trading between a range of 3886.84 to 4048.48 for the following week.

Price Projection:
The price action has generated a projection signal for the underlying.
Weekly: Price currently displays (if strength and attitude continue) a desire to move toward 3918
If strength and attitude continue, it could take between 3 to 6 trade periods (weeks) to reach the projection.

Indicators Summary.
A collection of technical indicators whose directional attitude has been summarized.
Weekly: Out of the cumulative indicators monitored, 100.00% are bullish, 0.00% are bearish, 0.00% are neutral

The CCI indicator trading strategy suggest the following:
Weekly: Very strongly bullish - long entries.

Confirmation Signal
6 indicators combined to confirm entry/exit.
Weekly Bullish - Open directional trades

Disclaimer

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