HamedAghajani
Short

Duration between S&P peaks

FX:SPX500   S&P 500 index of US listed shares
371 9 13
The trend line follows the lows in corrections in the late 1990s bubble through the tops in early 2000 and late 2007. Looks like we already hit that trend line peak on April 27 at 2,126. But even that isn’t the most interesting point here. The tops in early 2000, late 2007, and late April 2015… are exactly 392 trading weeks apart.

Source: https://dentresearch.s3.amazonaws.com/EconomyandMarkets/images/051115_ENM.png
interesting... nice chart and good points - I am bearish so probably bias anyway - but this is very good analysis
+2 Reply
HamedAghajani PRO dionvuletich
Thanks, appreciate your comment. Kind regards, Hamed.
Reply
The S&P failed to close above the trend-line which is now acting as resistance. On the basis of momentum indicator, this is the 3rd time it is going to test the 45Weeks EMA. At the moment the price is still above 9 weeks SMA. The other two times that priced tested the 45WMA, it felt for at least 3 consecutive weeks. Lets see if this is the case for this time too, if affirmative, How many percent, then?
snapshot
Reply
HamedAghajani PRO HamedAghajani
Adjusted resolution;

snapshot
Reply
Daily chart analysis, reveals another interesting story;
Despite the attempt in making new highs in price the, RSI is bound under 60-65 resistance line, and divergence between the price and momentum indicators is at a level of a sever warning.
snapshot
Reply
HamedAghajani PRO HamedAghajani
A similar story applies to the intra-day (6H) outlook.
snapshot
Reply
HamedAghajani PRO HamedAghajani
snapshot
Reply
Nice chart and good points. Now we just have to see how the final stages pan out
+1 Reply
HamedAghajani PRO WallStScalper
Thanks for the comment.
Reply
United States
United Kingdom
India
España
France
Italia
Polska
Brasil
Россия
Türkiye
Indonesia
日本
한국
Home Stock Screener Forex Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Account and Billing Sign Out