Today 01/25/23 the S&P 500 (SPX) had its third close above both the declining trendline from January 2022 and its 200 – day moving average (MA). The daily SPX chart courtesy of Trading View updates the action. From a time perspective three closes above the line and the moving average is bullish and implies theContinue reading “Trendline Upside Break Out – 01/25/23.”
Category Archives: Price
Philippine Stock Exchange – Update – 01/20/23
Recently several national stock markets have exhibited bullish signals. One of the strongest upside markets is the Philippine Stock Exchange (PSEI). The daily PSEI chart courtesy of Trading View illustrates its performance. Since October 2022 the PSEI has outperformed the S&P 500 (SPX) by a wide margin. From October to December the SPX had aContinue reading “Philippine Stock Exchange – Update – 01/20/23”
At the Bear Panic Point
Today 0/12/23 the S&P 500 (SPX) broke above Fibonacci resistance in the 3,970 area then reached the bear panic point close to 4,000. While short-term momentum continues to suggest a small decline, longer-term momentum implies a rally that could last for several weeks. The daily SPX chart courtesy of Trading View updates the action. TheContinue reading “At the Bear Panic Point”
Swinging New Year
The open of the first trading day of 2023 had a sharp rally that threatened important resistance. The bears then repelled this advance with a sharp drop that failed to break below important support. The SPX – 15 – minute chart courtesy of Trading View illustrates the action since mid-December. A break below the risingContinue reading “Swinging New Year”
Persistent Bear Market Rallies
The U.S economy is suffering the highest inflation rates in forty years. The FOMC has been aggressively raising short -term interests rates. Is it possible for the S&P 500 (SPX) to rally above its 12/13/22 – 4,100 top? Two examples illustrate that the SPX can have persistent bear market rallies regardless of bearish factors. Continue reading ” Persistent Bear Market Rallies”
Bear Panic Point
During 2022 the U.S economy suffered the highest inflation rates in 40 – years. The prior high inflation era lasted from 1968 to 1980, it’s likely the current cycle could continue for at least several years. The FOMC has been aggressively raising short – term interest rates and are likely to continue raising rates. TheContinue reading “Bear Panic Point”
Basing for a Bigger Move Up? – 12/29/22
Extraordinary high Put/Call reading may have indicated an important bottom. Today 12/29/22 one trading day after a very high Put/Call ratio, the S&P 500 (SPX) rallied close to 2%. The hourly SPX chart courtesy of Trading View illustrates a potential base that began on 12/21/22. The SPX moved above maximum Fibonacci leeway at 3,850, notedContinue reading “Basing for a Bigger Move Up? – 12/29/22”
Resistance Reached – 12/23/22
Markets are attracted to Fibonacci resistance/support areas. This websites 12/22/22 blog noted two S&P 500 (SPX) Fibonacci retracement points. At SPX 3,841.94 and 3,843.90, this resistance was reached on 12/23/22. The SPX – 15 – minute chart courtesy of Trading View shows what happened. Exact hits of Fibonacci coordinates are rare, therefore allow for leewayContinue reading ” Resistance Reached – 12/23/22″
Support Broken – 12/22/22
Today, 12/22/22 all three main U.S stock indices broke below an important bottom made on 12/20/22. In the first half of todays trading session the bears were totally in control, smashing prices relentlessly lower. It appeared the trend could be down the entire session, with the low of the day coming near or at theContinue reading ” Support Broken – 12/22/22″
Fake Out Moves
The actions of US stocks during the week of 12/05/22 to 12/09/22 demonstrated several fake out moves. The 12/07/22 blog noted that the S&P 500 (SPX) broke important support at 3,937.64 and that the first wave down of a larger bear move may have begun. The 12/08/22 blog illustrated that the NYSE Composite (NYA) hadContinue reading “Fake Out Moves”
Four Dimension Trading 