S&P In Rally And Retreat Environment
S&P tested and held support at the trend channel moving average. Our near-term works on price structure and momentum suggested strongly that the S&P remains in for a ‘range-bound’ trading...
View ArticleS&P Cleared Key Resistance But Upside To Be Limited
S&P cleared key resistance, breaking out above the important sentiment 4300 mark. Consecutive close above that level this week would confirm the bullish breakout signal, supporting upside...
View ArticleS&P In Orderly High-level Consolidation Period
the big picture remains the same. There’s an orderly high-level consolidation period near S&P’s 4400, which represented the digestion period in the aftermath of the late June rally. Market...
View ArticleS&P Could Drift Higher As Sentiment Remains Strong
our near-term work on price pattern and momentum suggested that the S&P could continue to drift higher as trading sentiment remains strong. As for strategy, we’d look to reduce exposure into...
View ArticleS&P In Orderly High-level Consolidation Period
the big picture remains the same. There’s an orderly high-level consolidation period near S&P’s 4400, which represented the digestion period in the aftermath of the July rally. Market internals...
View ArticleS&P Cleared 4500 But Upside Could Be Limited
S&P cleared key technical resistance, breaking out from the one-week congestion trading pattern. The breakout would be confirmed on a consecutive close above 4500, which would support near-term...
View ArticleS&P In Early Stage Of Short-term Oversold Rebound
our near-term works on price structure and momentum suggested strongly that the S&P is in an early stage of a short-term oversold rebound. The overall technical backdrop remains supportive of...
View ArticleS&P Broke Out from Short-term Downward Trend
the S&P clear key resistance Thursday, breaking out from a short-term downward trend. The breakout would be confirmed on another close above the trend channel moving average, which would support...
View ArticleS&P Near-term Technical Outlook Deteriorated
near-term technical outlook deteriorated despite recent rally. S&P has a new floor, which is the trend channel moving average near 4440. A failure to hold above that level suggests that most...
View ArticleS&P Overbought But Downside Risk Could Be Limited
S&P moved up to test resistance at the lower boundary of the red band after climbed above the important sentiment 4600 mark last week. Overbought conditions have returned on an intraday basis but...
View ArticleS&P In Orderly High-level Consolidation Period
the big picture remains the same. There’s an orderly high-level consolidation period near S&P’s 4700, which represented the digestion period in the aftermath of the October rally. Market...
View ArticleNo Big Commitment To Accumulate Stocks Aggressively At This Point
Wednesday’s bullish intraday reversal suggested that the bulls are still in control of the market. However, given the heavy overhead resistance at the 4700 zone on the S&P, there is no big...
View ArticleS&P Broke Key Level But Watch For Follow-through
S&P broke key level Wednesday, falling below the trend channel moving average after climbed above that level in October. Right now follow-through is the key. Although seemingly vulnerable to...
View ArticleS&P Held Key Support
S&P tested and held support at the trend channel moving average. While the near-term technical backdrop remains bearish, support is strong near 4672. That zone is too big and too important to fall...
View ArticleS&P Established Important Near-term Low
S&P climbed above the trend channel moving average Tuesday, suggesting that an important near-term low had been established and the index is in an early stage of a new upswing. Nevertheless, it...
View ArticleS&P Long-legged Doji Signals Impending Trend Reversal
Monday’s long-legged doji candlestick pattern together with the oversold condition suggested strongly that the S&P might have reached an important near-term low. Nonetheless, the negative Money...
View ArticleS&P In A Midst Of Oversold Relief Rally
our near-term work on momentum and price pattern suggested that the S&P is in a midst of a short-term oversold relief rally. However, given the damages done over the past weeks, expect continue...
View ArticleS&P In Reflexive Bounce
S&P rebounded nicely after recent pullback found support near the upper boundary of the green band. Our near-term work on price structure and momentum suggested that the index is in a short-term...
View ArticleS&P To Regroup And Rebound Near The Low 4300s
last week’s selloff pushed the S&P down to the green band, or oversold zone. The market has historically developed minor support near that level so it should not be surprising to see the index...
View ArticleExpect S&P To Regroup And Rebound Near 4300
last week’s selloff pushed the S&P down to the lower boundary of the green band, or extreme oversold zone. The market has historically developed minor support near that level so it should not be...
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