Tag Archives: Key Levels

S&P500 Approaching Key Level

Just a quick heads up.  The S&P500 has already taken out 2750.10, the first key Fib retracement of the 400 plus percent long bull market from Mar’09 to Feb ’20, and is now approaching another key Fibo at 2351.91, which … Continue reading

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The Stock Market’s Key GPS Coordinates

Ugly two daze of trading.   In fact, two of the four largest point drops in the history of the Dow Jones Industrial Index.   The S&P500 is now sitting right on a key Fib level at 3124.74. Now What? A  bounce … Continue reading

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Will The S&P Hold The Line?

Will the S&P hold its May 13th low of this current sell-off at 2801.43? Glad you asked.   The market is currently trading at its low of the day, 5 points above that support level. Tuesday’s Post The stock market took … Continue reading

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S&P500 Key Levels

The S&P closed right at or just a smidgen above its 200-day moving average.   The market rally based on a government shutdown deal?  Come on, man! Another government shutdown wasn’t priced, so why should stocks move on a deal? We … Continue reading

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S&P500 Key Levels

The S&P gave up 22 percent of its 6.54 percent YTD gain today. We nailed it in our 3 AM post, The Increasing Risk of A Major China Trade Debacle, Look to the government shutdown as your template as to how Trump … Continue reading

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S&P500 Key Levels & Gravestone Doji

Today’s price action and candle look sound as closest like a bell ringing to sell the S&P as you are going to get.   Yes, we jumped the gate a bit early in our recent short and are very cognizant the … Continue reading

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S&P500 Key Levels

Our daily Doji candlestick, though not perfect but close enough for government work, was triggered at the close.  The S&P rally has stalled and is having trouble cracking through 2600. Squeezey in the overnight session with futures up 16 handles, … Continue reading

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S&P500 Key Levels

Nice price action today generating an outside day, which the textbooks tell us is a confirmation and continuation of the recent move.  No fight here. Nevertheless, moving into the zone of heavy resistance as the S&P crosses 2600 and the … Continue reading

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S&P500 Key Levels

The S&P continues to march toward, what we believe, is the next major area of resistance at 2640ish, which is the zip code where the 50-day and next key Fibo live The market will soon be tested with the Q4 … Continue reading

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S&P500 Key Levels

Stocks have seized the bullish narratives — which are “like diseases,”, by the way – of a dovish Fed and an imminent trade deal with China, which should continue to drive the S&P up to its 50-day at 2639.61.  Note … Continue reading

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