S&P 500 Index: SPX Same problem as as the Dow - risen to fill the gap and now retesting near term lows at 27330 - The first real support lies at 27130 and it looks likely it will be tested soon. Failure to hold here will signal further near term weakness back to 26687 and potentially, if this level fails, back to 26007
As per the long term chart of S&P 500 www.tradingview.com Below are my review points 1. MACD shows overbought character , which also reflects in price and volume 2. From last two years there was a steady uptrend with few corrections 3. As per my Analysis s&p will hit 3000 mark end of march 4. We can still rely on technical analysis , as there are no...
Every one on the Street talks about incoming crisis and 5%+ downtrend for main US indexes. I suppose every trader should use such opportunities and open corresponding short positions. What we have for S&P today? 2017 and January 2018 made it extremely overbought - RSI was on 86, the last time we saw these levels during 1980 rise, and it was followed by 21%...
Price has reached the median line. Price may drop a bit here before trying to continue higher.
Price has dropped and is resting on the sliding parallel and also suport at 2832. Look to see if price can hold here to try to make a move up. If we break, look for 2810.
Price has dropped from warning line 1 to 2829 at support. look to see if we rise up from here a bit before dropping again.
The VIX has never been this low, ever. The Dow's daily trading volume has never had so many massive monthly volume bars in such a short time period, unless it was a big sell off, or dip buying after a massive recession. The only risks are war, disease, or Trump getting impeached. This shutdown will cause a little pull back, but the trend will continue
Price is bouncing off warning line 2, but having a problem getting abve 2807. Look to see if we can break and retest as support to continue higher.
Price is near the upper median line near 2808. Look to see if price will break higher or stay as resistance here.
Price is now extended near warning line 3 and 2800 level. Look to see if price will continue higher from here.
Price is coming up to resistance at the median line, and this sliding parallel. Look for price to bounce downward soon.
Price has started to rise higher after testing 2682 as support. Look to see if price can rise back into the fork to continue higher.
Price is gaining momentum to the upside. Lets see if we can break 2700 and break higher to continue again towards the middle median line.
Price has started to rise to the upside after hitting 2682 as support. We are not at resistance at 2698 so price needs to break through with a possible retest as support to continue higher.
Price is consolidating at support here at 2682 level and also warning line 1. Look to see if we can bounce here from support to the upside.
Price is at possible support on the marked sliding parallel, trying to go higher. look to see if price rises from here over the next week.
Price has come down to 2684 and bounced. Look to see if price continues to come dwn to 2675 to find possible support.
Price is near support at 2684. Look to see if price can gain some momentum here and try to push higher past 2698. If we drop look for 2675 and 2663 areas as support.