Today 07/20/22, the S&P 500 (SPX) broke above resistance created by a double top made on 06/10/22 at 3943.17 and 06/28/22 at 3945.86. The SPX high on 07/20/22 was 3974.13 and 30.96 points above the 06/28/22 peak. When the SPX broke above the 06/10/22 top on 06/28/22 it was only able to exceed the priorContinue reading “Bullish Break Out – 07/20/22”
Category Archives: Momentum
S&P 500 – Near Important Resistance 07/19/22
The S&P 500 (SPX) high on 07/19/22 was 3,939.81, just below a double peak. If the SPX can decisively break above this resistance it could open the door for a move up to the 4,100 area. The SPX – 15 – minute chart courtesy of Trading View illustrates the action. On 06/10/22 the SPX madeContinue reading “S&P 500 – Near Important Resistance 07/19/22”
Philippine Stock Exchange Index Bullish Signals
In the short – term the Philippine Stock Exchange Index (PSEI) has been relatively weaker than the S&P 500 (SPX). The SPX recent bottom came on 06/17/22, the PSEI didn’t bottom until 06/23/22. On 07/15/22 the PSEI appeared to be on track to make a new 2022 low, the rally on 07/18/22 appears to haveContinue reading “Philippine Stock Exchange Index Bullish Signals”
Slow Rise
From January to June 2022 the three main US stock indices were in a steady downtrend creating an oversold condition. Could July 2022 also be another down month for US stocks? Evidence continues to suggest a multi-week rally is developing. The monthly S&P 500 (SPX) chart courtesy of Trading View illustrates long-term momentum. This chartContinue reading ” Slow Rise”
Crude Oil Trading Range
Since March 2022 Crude Oil has been in a trading range between 126.00 and 92.00. Momentum signals and seasonal patterns suggest a new uptrend may have begun. The daily Crude Oil chart – (CL2!) – continuous next futures contract in front – courtesy of Trading View illustrates the trading range. First note the double bottomContinue reading “Crude Oil Trading Range”
Long-Term Momentum Implies a Multi-Week Stock Rally
The decline in US stocks from January 2022 to June has brought weekly and monthly Stochastics into the oversold zone. The rally since the late June bottom could ease the oversold condition. Action from the S&P 500 (SPX) October 2007 to March 2009 bear market gives clues as to how long a post June 2022Continue reading “Long-Term Momentum Implies a Multi-Week Stock Rally”
Philippine Stock Exchange Index – Daily Analysis
The Philippine Stock Exchange Index (PSEI) declined from February to June 2022. The daily PSEI chart courtesy of Trading View illustrates the action. The bottom made on 06/23/22 is referred to as a confirmed bottom, meaning the price low was confirmed by momentum indicators. Note that the Stochastic, RSI, and MACD were at or veryContinue reading “Philippine Stock Exchange Index – Daily Analysis”
S&P 500 Could Rally to 4,100
The 06/25/22 blog “Nasdaq Composite – MACD Indicator noted that the daily Nasdaq Composite (IXIC) had a bullish MACD lines crossover. Today 06/27/22 the daily S&P 500 (SPX) – MACD also had a bullish lines crossover. This increases the chances for at least a short-term US stock market rally. The 5 – minute SPX500 –Continue reading ” S&P 500 Could Rally to 4,100″
Nasdaq Composite – MACD Indicator
The 06/16/22 and 06/23/22 blogs examined the possibility that US stocks could make a new decline bottom, within the 06/28/22 to 06/30/22 time zone. The US stock market rally on 06/24/22 has reduced the chances of a bottom being made in the last week of June 2022. The daily Nasdaq Composite chart (IXIC) courtesy ofContinue reading “Nasdaq Composite – MACD Indicator”
Forecast for a Short – Term Bottom
On 06/10/22 the S&P 500 (SPX) – daily MACD had a bearish lines cross over below the zero line. This is a rare event, the last time it happened was on 12/17/18, that occurrence could help to discover a short-term bottom for the current SPX decline. The daily SPX chart courtesy of Trading View illustratesContinue reading ” Forecast for a Short – Term Bottom”
Four Dimension Trading 