S&P Broke Key Support But Downside Risk Could Be Limited
S&P fell below the lower boundary of the red band after climbed above that level in early June. While seemingly vulnerable to further short-term weakness, support is strong near 4350-4300. That...
View ArticleMarket Internal Deteriorated As S&P’s Testing Key Support
S&P moved down to test key support at lower boundary of the pink band after the late June rally ran out of steam near the lower boundary of the red band, or extreme overbought zone. Market...
View ArticleS&P Held Support But Upside Could Be Limited
S&P rebounded nicely after recent pullback found support at the bottom of its short-term trading range. Market internal has strengthened but upside momentum does not appear strong enough to...
View ArticleS&P To Regroup And Rebound From Near 4200
market internal deteriorated as S&P moved down to test support at the bottom of its short-term trading range. While seemingly vulnerable to further short-term weakness, support is strong near...
View ArticleS&P Overbought Conditions Returned But Momentum Remains Supportive
S&P continues drifting higher after climbed above the lower boundary of the pink band in mid-November. Overbought conditions have returned on an intraday basis but momentum remains supportive so...
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