S&P500 - Period of sideways consolidation in a secular bullrun. SP500 index- Secular bullrun since 2008. Marked mostly by periods of green UpTrend lines. Punctated by short periods of consolidation in purple rectangles.
IVV
S&P500 bullish RSI devergence on the daily chart.NB. Long term upterm on daily log chart, and bullish RSI divergence marked by red and green lines.
Daily SPX Spells TroubleShares of the S&P 500 (SPX) are in serious trouble. We've violated a multi-year trend line going back to recession lows of 666 (white line), sliced thru the major moving averages like the government slashes through our money, so I'm officially calling the uptrend over... until proven otherwise, sell in to any strength and hedge yourself!
Happy trading and be careful out there!
S&P500 daily, back above its 200_day MA and UpTrend line Last green candle from Oct 16th, moved the SP500 above it's 200-day MA and its uptrend line (started in Jan 2016).
S&P500 index- Major Uptrend line breachSP500 index- major Uptrend line breach at red arrow . Uptrend commenced early 2016.
Either sideways consolidation next, followed by UpTrend continuation OR formation into a trend reversal to a new down trend. More candles required for either to be confirmed.
S&P500 Index - Healthy UpTrendS&P500 index - Weekly chart.
Healthy UpTrend. Red line since 2009 to 2015.
Sideways consolidation around 2015.
Pink UpTrend line from 2016-present.
S&P500- Unlikely to be a Double Top reversal pattern.Look at past S&P500 'classic' Double Top reversal formations (double equal height arrows).
Current price breakout is unlikely to complete into a Double Top reversal formation, since the second peak (green arrow)is significantly higher than the first peak.
Double Tops
A double top forms when the price makes a high within an uptrend, and then pulls back. On the next rally the price peaks near the prior high, and then falls below the pullback low. It's called a double top because the price peaked in the same area twice, unable to move above that resistance area.
IVV- 'A picture of Power' Price above rising 20day/200day SMAIVV- 'A picture of Power' To quote Oliver Velez
Price action above the rising 20-day simple moving average, which in turn is above the 200-day simple moving average.
Symmetric triangle pattern in IVV
This is a Symmetric triangle pattern in IVV
This publication is of an academic nature.
Orlando Enrique Fajardo Ocariz
Bullish S&P500 UPtrend forming.If S&P500 index, reaches new highs around where the Astrix is and takes out previous 2850, then UPTrend line B takes precedence over UPtrend line A.
As seen by the prior long UPtrend line 2009-2015, Uptrend lines can remain in place for a very long time once established.
IVV nice long standing UpTrend. iShares S&P 500 ETF (ASX:IVV)IVV nice long standing UpTrend.
iShares S&P 500 ETF (ASX:IVV)
Market sets up for a fall!Reiterating a bearish view on HSI. Looking at candles and wanted to point out a few bearish instances I have noticed. With markets more globalized and intertwined than ever, I see no way SPX DJI NDX IXIC hold up if Asia tanks... which is why I'm short SPY DE TSLA IWM and long UVXY (all with options, of course).
SPY churns at high under significant fibonacci level$SPY average trade size picked up in wks 2 & 3 of February leading to weakening in the S&P 500. Now churning between $213.40 resistance & $207 - 208 support. I would expect much churn back and forth ahead of FED rate (possible tightening) announcements. Likely distribution for many months up here.
