The S&P 500 (SPX) could soon be in a price zone that the bears aggressively defend. In warfare you can estimate where a future battle could happen based upon geographic features. Technical analysis of markets is similar because you can see on a price chart where there’s potential support/resistance. The 11/10/22 blog “Follow the LeaderContinue reading “S&P 500 Approaching Potential Resistance“
Category Archives: Price
S&P 500 Support and Resistance 11/18/22
The 11/17/22 blog illustrated S&P 500 support/resistance using the Volume Profile indicator on the S&P 500 – E-Mini futures – contract symbol (ESZ2022). The 11/18/22 blog updates the support/resistance areas and gives a brief tutorial on using the Volume Profile indicator. The 30-minute S&P – 500 – E- Mini futures chart ESZ2022 updates theContinue reading “S&P 500 Support and Resistance 11/18/22“
S&P 500 Support and Resistance – 11/17/22
Today, 11/17/22 the S&P 500 (SPX) had some fascinating intraday reversals that could give hints to the broader trend. The 15 – minute SPX chart courtesy of Trading View illustrates the price action since the 10/13/22 bottom. Note that the SPX low on 11/17/22 was just above a Fibonacci .236 retracement of the 10/13/22 toContinue reading “S&P 500 Support and Resistance – 11/17/22“
Price Forecast for US Stock Market Top
Since 10/13/22 the Dow Jones Industrial Average (DJI) has been the most bullish of the three main US stock indices. In only 21 -trading days the DJI has retraced 62.1% of a nine-month decline. The Golden Fibonacci ratio of .618 or 61.8% is frequently a support/resistance level. With a nearly precise hit of an importantContinue reading “Price Forecast for US Stock Market Top”
Follow the Leader – Part Two
The 11/05/22 blog “Follow the Leader” noted that the Dow Jones Industrial Average (DJI) was the most bullish of the three main US stock indices, and to watch its 200 – day moving average (MA). Today, 11/10/22 the DJI has decisively broken above two resistance points implying the rally could continue for several weeks. TheContinue reading “Follow the Leader – Part Two“
Energy Stocks Lead the Way Up
The most bullish sector of the US stock market are the energy stocks. The SPDR Select Sector Fund – Energy Sector (XLE) is on the verge of making a new 2022 high. If this ETF continues to rally it could provide clues for a significant broader US stock market top. The 10/09/22 blog “The RelationshipContinue reading “Energy Stocks Lead the Way Up“
Follow the Leader
The Dow Jones Industrial Average (DJI) has retraced 50% of its 2022 bear move and is currently the most bullish of the three main US stock indices. The DJI action in the next few trading days could determine the direction of US stocks for the rest of 2022. No market indicator or system is effectiveContinue reading “Follow the Leader”
Bullish Evidence From the United Kingdom Stock Market
The prior blog “Bullish Evidence From the Mexican Stock Market” examined evidence from the main Mexican stock index – IPC Mexico (ME). The subject of this current blog is the United Kingdom main stock index – UK 100 (UKX). The daily UKX chart courtesy of Trading View illustrates its action. The UKX like the MEContinue reading “Bullish Evidence From the United Kingdom Stock Market“
Bullish Evidence From the Mexican Stock Market
Traders/Investors could improve their chances of success by expanding the horizon of what they view. When it comes to trading national stock indices – take a global perspective. For example, if you trade one of the main US stock indices such as the S&P 500 (SPX), also watch what’s happening in other main national stockContinue reading “Bullish Evidence From the Mexican Stock Market“
The Relationship Between Stocks and Bonds
Some traders/investors think that when stocks go up bonds go down, the reverse if stocks are going down. This is not always true. Sometime stocks trade inverse to bonds, sometimes they trade together. If on 10/24/22 US government treasury bonds made an intermediate bottom it’s rally could correspond with US stocks rising. The I-Shares 20Continue reading “The Relationship Between Stocks and Bonds“
Four Dimension Trading 