S&P Remains In Digestion Period
S&P remains in a short-term consolidation phase, which represents a digestion period in the aftermath of the early December selloff. Resistance is strong near the lower boundary of the pink band...
View ArticleS&P Could Test 4200 Before Significant Pullback Unfolds
S&P rebounded nicely after recent pullback found support near the lower boundary of the pink band. Over the next few days, traders should monitor trading behaviors as the lower boundary of the red...
View ArticleS&P Turned Indecisive Near Support
the fact that the S&P turned indecisive as it moved down to test key support does not favor a sustain break to the downside. Over the next few days, traders should look for trading behavior as the...
View ArticleS&P Will Regroup And Rebound From Near The Trend Channel Moving Average
the fact that the S&P turned indecisive as it moved down to test key support does not favor a sustain break to the downside. Our near-term work on price pattern and momentum suggested that the...
View ArticleS&P Needs Positive Catalysts To Build New Leg Higher
S&P traded in narrow trading range as traders wondered whether more gains are warranted given the massive advance over the past months. While we’re near term bullish on the S&P, we believe...
View ArticleS&P Could Test 4200 On Overbought Strength Before Significant Pullback Unfolds
overbought conditions have returned on an intraday basis but momentum remains supportive so downside risk could be limited. It is possible that S&P could continue to drift higher as trading...
View ArticleS&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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