Tag Archives: S&P 500

The S&P Is In Doji City – Key Short-term Levels

What a Dragonfly Doji Indicates When it forms at the bottom of a downtrend, the dragonfly doji is considered a reliable indication of trend reversal. This is because the price hit a support level during the trading day, hinting that sellers … Continue reading

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Key S&P500 Fibonacci Retracement Levels

Watch this space.   The battle taking place right now at 2,732.42. No sense to even think about getting long for a swing until it clears and closes through the .500 at  2772.   Mr. Market desperately needs to close above 2732.42 … Continue reading

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Initial Conditions, Conditional Probabilities & The September S&P

Beast Mode In September? Can’t tell you how many recommendations we read at the end of August about how the S&P500 would continue its Beast Mode rally into September.   After all that it was it does during midterm election years, … Continue reading

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Fading the Open

The overnight markets are all lathered up and maybe offside on the Greece bailout news (haven’t we seen this picture before?)  so we thought we’d take a quick look at gap up opens in the SPY (S&P500) ETF.   Since … Continue reading

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S&P500 Tests 50-day Moving Average (and Passes)

The S&P500 and Nasdaq tested, traded through, and closed above their 50-day moving averages aided by a huge reversal in Apple, the rest of tech, and an impressive late day broad market rally.   Another positive was the behavior of the … Continue reading

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S&P 500: Three Key Support Levels

Looks like a test of the 5o-day for the S&P500 is a no brainer (we get nervous over this term) as we broke the weekly lows of May 6th.   If the 50-day doesn’t hold,  traders will likely close the April … Continue reading

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Bid…

(click here if chart is not observable)

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