Category Archives: Price

Examination of U.S  Interest Rates – 12/09/22

  On 12/14/22The FOMC will decide about U.S short – term interest rates.  Its expected they will raise rates only .50% as opposed to  recent increases of .75%. Whatever the decision is, evidence suggest U.S interest rates could continue to rise for several years. The daily chart courtesy of Trading View shows the yield curveContinue reading “Examination of U.S  Interest Rates – 12/09/22”

     Wounded Bull Market

On 12/06/22 the S&P 500 (SPX) broke below important support made on 11/29/22, wiping out all of the gains  made  during the powerful 11/30/22 rally.  Additionally, the decline from the 12/01/22 peak at 4,100 has the look of a developing Elliott – Impulse wave.  If so, this could be the first wave down of aContinue reading ”     Wounded Bull Market”

Breaking Through Resistance – Part -Two

So far the S&P 500 (SPX) has been able to have two daily closes above the 200 – day moving average (MA). This was probably a factor in bringing in buying at the open of the 12/02/22 session. There’s still one potential resistance barrier to overcome – the declining trendline from the January 2022 all-timeContinue reading “Breaking Through Resistance – Part -Two”

Additional Bullish Evidence – 12/02/22

The S&P 500 (SPX) 12/01/22 to 12/02/22 decline has given several clues that the rally from mid  – October is likely to continue. The 5 – minute chart courtesy of Trading View illustrates  the action. The drop from 4,100 has the look of an Elliott wave – Zigzag  correction. The decline so far has retracedContinue reading “Additional Bullish Evidence – 12/02/22”

Breaking Through Resistance – 11/30/22

Today 11/30/22 the S&P 500 (SPX) broke above the 11/25/22 peak and the 200 – day moving average (MA). This  move could trigger fund managers into additional stock purchases. The daily SPX chart courtesy of Trading View illustrates the action. The next resistance is the declining trendline from the January 2022  top.  A move aboveContinue reading “Breaking Through Resistance – 11/30/22”

  Avis Budget Group is Near a Buy Point

Investor’s Business Daily (IBD) has Avis Budget Group Inc. (CAR) on its lists of stocks nearing a buy point.  IBD uses the “Cup with handle” formation to identify entry points. The daily chart of CAR courtesy of Trading View illustrates  the stock’s recent history. The buy point is just above the cup high at 246.42Continue reading ”  Avis Budget Group is Near a Buy Point”

S&P 500 Approaching Potential Resistance

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“

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“