FX:SPX500   S&P 500 index of US listed shares
390 3 8
(1) There is a wedge since Mar09 (red). Breaking below the red line in weekly is a big deal.
(2) There is a more recent wedge formed since Nov14 exhibiting ever lower realised volatility .
(3) It is unlikely that SPX             will carry on climbing in the red wedge from here.
(4) I see the 19th of June as the last date around which a resilience top could be achieved.

Conclusions:
A – The upside is limited locally (2%) and probably capped at 7% until year end.
B – It is a question of weeks before SP500             starts a 9/13% correction.
C – As can be seen from the chart, the next 12 months shall be volatile/Flat between 1880 and 2260

If I am correct, there is great trading ahead.

Two adverse scenarios:
I - Ballistic to 2350 into Dec15 without volatility at all –Unlikely.
II - Flat/no volatility to 2250 into Nov15 – Unlikely but more realistic.
just closed below the redline on the weekly... big deal?
Reply
YaKa PRO scott_minnesota
Still supported by an inch..
it will fall for sure at some point soon.
the question is whether it spikes before.
It is random, and there is no 1% precision here.
snapshot
+1 Reply
i think the sp will go back 1795 ,,, like you say in july or august but maybe i can see it end of june if we can see sell off next twee weeks
Reply
English
English (UK)
English (IN)
Deutsch
Français
Español
Italiano
Polski
Türkçe
Русский
Português
Bahasa Indonesia
Bahasa Melayu
ภาษาไทย
Tiếng Việt
日本語
한국어
简体
台灣
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