Tag: SPX

Fine Charts and Great Coffee

If you read my post on Friday talking about the rising channel on SPX that could deliver an all time high retest within weeks, then you know what I see as the key support level on SPX and that is of course that rising channel support trendline, now in the 2750 area and rising at about 42...

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Tag: SPX

It Sounds Wild But …………….

At the end of December I posted the SPX monthly chart for subscribers at theartofchart.net talking about the significance of the monthly middle band in bear market moves. I posted the chart on a post here on 24th January when it had become clear that such a close back above was possible, and we saw...

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Tag: SPX

Reversing At SPX 200dma ….. So Far

My apologies for the lack of an update last week, which was particularly busy. Today, I'm going to do a multi-time-frame review of where SPX is now, and the implications longer term of this seven-week uptrend having risen this far. Just to mention, we are doing our monthly free public Chart Chat on Sunday, and...

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Tag: SPX

Topping Out, Probably

SPX went up through both of the annual pivot and 50dma resistance levels and has come close to a test of declining resistance from the all time highs, now in the 2690 area. I was talking earlier this month about the vital importance of monthly closing resistance at the monthly middle band, now at 2664....

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Tag: SPX

Bear Flags and SPX Annual Pivot

In the video below before the open this morning I looked first at the clear bear flag rally patterns developed on ES, NQ, RTY, DAX and ESTX50, then SPX, NDX and RUT. That's a lot of bear flags and while these don't always break down, they usually do and the odds favor that again here....

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Tag: SPX

So Far, So Good

Stan and I did an educational webinar at theartofchart.net yesterday after the close on trading in bear markets, and we were talking then about ES/SPX being at an inflection point where on a conversion of the ES weekly pivot at 2441 to resistance ES would likely head down directly into the low retest, but if decent support...

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Tag: SPX

Goodbye To 2018

Stan and I did our end of year webinar yesterday looking at the outlook next year for equity markets including SPX, NDX, RUT, DAX & NIKK, also AMZN & AAPL, bonds, oil, gold, silver, gdx, us dollar, EURUSD, coffee, sugar, wheat, corn, bitcoin and a couple of other instruments we were asked about that I...

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Tag: SPX

Looking Into 2019

At the weekend in Chart Chat I was talking about the 2300-50 support area on SPX, and the current rally has started from there. That area is composed of the monthly lower band and the 200 week MA, both in the 2350 area, the 50 month MA at 2330, and rising megaphone support from the...

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Tag: SPX

Big Support Breaks

After repeated tests where it held, the thrust down after the Fed hike on Wednesday broke down through the big support level and potential H&S neckline in the 2530-40 SPX area  and continued down. Wednesday night I was looking at the next big level on ES 2465-80 area and that too has broken yesterday. I'd...

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Tag: SPX

Belt And Braces

SPX closed ten handles or so over the 5dma yesterday, so SPX is back on the Three Day Rule. If SPX should close back below the 5dma today or Monday then we should expect a retest of the last low at 2583.23 in the near future. At the moment the 5dma is at 2638 and...

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