spx
- Daily Technical Strategy
- Daily Technical Strategy
Increasing signs that December could weaken after a successful tag of SPX 4100
The last few days aren’t terribly encouraging given the degree of erosion in momentum and breadth in short order. While SPX 3906 has not yet been broken, the structure of this week’s pullback has been clearly impulsive from an Elliott standpoint while short-term cycles look to be turning down which...
- Daily Technical Strategy
SPX rally above 3912 puts 60-year cycle back on track
Incredibly enough, Thursday’s surge surpassed even what options markets were expecting for volatility post CPI. Equities, Treasuries and currencies all showed some of the largest movement seen in years. SPX’s move above late October highs puts a major decline on the back burner for the time being. While risk/reward is...
Daily Technical Strategy
Rally up to SPX 3800-30 still likely but important to see Yields peak out
1 year ago Members Only: FSI Macro and FSI Pro Mark Newtons Live Technical Analysis - October 2022 Wondering where your stocks are headed into...
Daily Technical Strategy
Here’s what needs to happen to think SPX is “Out of the woods”
TREASURY YIELD PEAK LOOKS CLOSE, BUT YIELDS STILL SEEM TO REQUIRE A FINAL PUSH HIGHER Yields represent one of the most important areas to concentrate...
Daily Technical Strategy
Tough to trust SPX bounce with $TNX making new 2022 highs
Ahead of this week’s Fed meeting, Monday’s minor relief rally took prices right back to areas of September’s breakdown, which at $SPY-389 is thought to...
- Technical Strategy
Bullish breakout should drive SPX to 4060
Tuesday produced nearly a textbook breakout which not only exceeded late June and early July highs in $SPX, but also successfully exceeded 3-4 month downtrends for $SPX and $DJIA. Seven of the 11 S&P Select SPDR ETF’s were higher by more than 3%, and volume was nearly 10/1 bullish on...
Daily Technical Strategy
Bounce above 4114 in SPX gives reason for optimism that lows might be in place
Friday’s strength in SPX and QQQ has broken initial resistance, giving reasons for optimism that a more meaningful low could be in place.QQQ bounce makes...
Daily Technical Strategy
Short-Term Rally Possible as SPX Reversed at Base Case ‘22 Target
Friday’s decline has achieved my Base case 2022 technical target and Friday’s reversal gives hopes for a short-term rally getting underwayVery good price action in...
Technical Strategy
Equal-weighted SPX hits highest vs SPX in over a year
Tuesday’s NASDAQ pullback has violated Feb/March lows, while SPX is at these levels, and DJIA remains a relative outperformer, trading ~3% above as of 4/26...
Technical Strategy
SPX breaks support as Tech weakness spreads to broader market
Technical Strategy Video: https://vimeo. com/662809726/af65efdf14 SPX break to multi-day lows was accentuated by Technology’s declineValue continuing to make inroads vs Growth- While Large-Cap Growth...
