A newer look at the monthly chart for SPX, with circles indicating similarities and some divergence. Notice also the date periods of the two bull markets. (and remember this one had QE1+2+3.....(+4?) Notice the stochastics RSI is currently low. Notice the MACD signal for last months also. I still see a minimum correction back to the MA200 line. In conjunction the...
Why S&P 500 is Bearish: Technical Analysis: -bearish divergence on monthly RSI -bullish momentum is weakening, shown by DMI, both strength and direction, could be divergence too -Stoch shown with blue on PTS is on highest levels -MACD on highest levels and made a cross -Elliot wave says S&P 500 is in fifth stage, look for bearish, check the related idea for...
Why S&P 500 is Bearish: Technical Analysis: -bearish divergence on monthly RSI -bullish momentum is weakening, shown by DMI, both strength and direction, could be divergence too -Stoch shown with blue on PTS is on highest levels -MACD on highest levels and made a cross -Elliot wave says S&P 500 is in fifth stage, look for bearish Fundamentals: -June: --Grexit...
AFTER 2076 THE $SPX500 COULD FORM H&S WITH NEXK ABOVE 2121 & TARGET 2180 FROM 2094 TO 2068 MAY FORM DEEP CRAB WITH TARGET 2158
Divergencys works at any timefraction: monthly weekly daily hourly ....
The SPY is overbought, and is about to decline. Seems like a longer term reversal will be in place. This is a natural adjustment to the interest rate environment. Following the link related to this idea, you'll see a further explanation using the Shiller CAPE Index Plot that is frequently updated on his Irrational Exuberance website. My target price is 180 over...
The analysis suggests that we are in the bullish third wave. The third wave will go on till 2230 being the next target. Any resistance shown at 2230 will bring the price down to 1629.36 and form a fourth wave. Final Conclusion: Go long till 2230 is met and watch the prices closely. If the prices break above, I will be posting charts showing the next targets. If...
SPY has a sidelines rating as neither the Bulls nor the Bears have a big enough dominance over the other that we can place our bets with that group. This is a very dangerous market as it is trend-less because institutional traders are largely absent from the market as evidenced by the TICK. The Federal Reserve has been saying that the current slowdown in the...
Projection of the market based on long term analysis since 2000. Double top that broke to the upside in May 2013 and has reached the Fibonacci resistance.
The S&P 500 Index grinds higher, posting a new record high at 2120.92 on Friday (April 24, 2015), up 218% from its March 6, 2009 low at 666.79. The 74-month rising wedge support (from the March 2009 low) continues to underpin the uptrend. While the 2048.38 support (April 1, 2015 low) near the rising wedge trendline holds dips, there is scope for further strength...
Once SPX clears 2120 level, we should expect a bullish break out rally, Fibonnacci extension show first target for profit taking
CPi in line but the quarterly results of major companies remain disappointing , good earnings but negative revenues.My expectations are for a maintenance of interest rates still at least until December. Tecnical Analysis : Don't take short position here, but wait a intraday pullback (follow the next analysis) Signal Suisse SUBSCRIBE COMMENT AND LIKE MY IDEA...
Quantitative easing, in my opinion, is largely responsible for the rapid rise in the market since 2008. The S&P is in a 4 year channel - how long can it last before another major correction?
Levels on Chart, waiting to confirm continuation pattern
My line in the sand (LITS) is at 2097.5. Above it, I'm only after longs...below, only after shorts. Kinda hoping for a bit of a pullback to the Tenkan, Kijun or Ichimoku cloud so I can hop in long for cheaper. Of course if my LITS breaks, my long bias is invalid and I'll be back looking for shorts. As everyone and his dog I'm expecting a correction for the SP500,...