$SPX Daily Candle Analysis 8/13

SP:SPX   S&P 500 Index
Our last prediction was wrong. We predicted that today would close positive and near 1940. Instead, the $SPX             closed negative and further away from 1940. It did test the 1940 resistance early and then proceeded to move downward and test 1930 support. Buyers came in and gave it a bounce from the support level and it closed around 1934. Our candle analysis predicts that Wednesday's trading day will close negative. The MACD is still in seller control and Monday's trading gave a hint that higher prices will be rejected. We predict the market will fail 1930 and possibly give back at least half of the gains from last Friday by closing around 1920.
On 8/14, it closed above the line. Let's see if it stays above the line and what happens when it retest the line.
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out