SPX 500 - just the technicals please - part 2

Updated

Technical review of the stock market after the FOMC rate hike and Jerome Powell speech. All in the video - I'm tired and will update tomorrow.

Note

aapl will open at major resistance on both daily and weekly charts.

Note

aapl weekly

Note

Vix to lower BB

Note

ES to 18ma on the monthly chart.

Note

we have reached an area where all previous peaks except for august 2022 have stopped. Could go a bit higher, but this is an area the market should have difficulty with. Weekly 100 and BB slightly higher than here, 18ma on the month already reached. I see popular posts about this being the "time to buy" with no regard for previous peaks stopping here.

Note

the us dollar looks to be finding support at its 18 ma monthly

Note

vix is green

Note

18ma monthly on spy reached about an hour ago, someone else noticed.

Note

AAPL getting hammered after hours. Bulls' are saying it's gonna be like MSFT and bounce back hard. Probably not considering the technicals.

Note

NFP came in hot, so we may sell today. support at 4090 on ES and then the daily ma at 4060

Note

correction - daily 18ma at 4040. We would have to have a really bad day to get there.

Note

Put/call at .49 yesterday, shorts covered almost fully it looks like. ycharts.com/indicators/cboe_equity_put_call_ratio

Note

If it's an impulse down, support at the 18ma daily would probably give it a head and shoulders look before more downside. If this is correct Monday gaps down.

Note

oil at its major trendline again, i think this time it breaks

Note

gravestone doji on the daily candle

investopedia.com/terms/g/gravestone-doji.asp

Note

Good morning, we are continuing the sell off from Friday, I expect we will get to the 18ma today or tomorrow (red line). I see a lot of people expecting another high, but if that doesn't come, a bounce will probably get us a head and shoulders patter.

the_sunship

Also on:

Related publications

SPX 500 - just the technicals, please

by the_sunship

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.