S&P Buy SignalPattern: Channel Up on 1W.
Signal: Bullish as last week's Higher Low rebound pulled back to the 0.382 - 0.5 Fibonacci retracement zone.
Target: 3020 (just below the 1W Resistance).
Standardandpoor
Putting the 'Poor' back in Standard & PoorThis is a nice case study in the usefulness of mating momentum indicators (if you could call averaging out candlesticks a la 'Heiken-Ashi' an indicator...).
'Heiken-Ashi' translates to 'average bar' in Japanese, and aside from being aesthetic as hell they're also a great way to cut out noise. Since the Heiken-Ashi candles are formed from an average of the open, high, low, and close of the prior candle they are able to reliably display the general "temperment" so to speak of the local price action. The formula is simple: Wicks up top with a clean bottom is bullish, vice versa for bearish, and anything with a wick on both ends shows indecision.
In combination with Bollinger Bands one can not only identify the markets mood, but also its volatility and relative mobility within the bands. Thicc BB means high volatility, and in addition to slim BB being the inverse; it often indicates a pending move (especially on lower timeframes). As well, the two 'channels' in the BB and their respective boundaries provide targets for entries as well as being indicative of the trend.
Using the SPX as an example two things readily appear: 1.) A bear trend has been established 2.) It's got a few hundred more points of 'room' to fall before its hits anything significant in the BB structure, which it historically bumps into bull or bear....but especially bear.
That's about it, technical analysis can be that simple.
The difficulty in trading is often the problem solving involved in risk management, not technical analysis.
That being said, none of this is advice of any sort; I don't even know how to read: Trade responsibly.
SPX500 Long-Term Forecast2016/11/17. S&P 500 stock index forecast for next months and years.
S&P forecast for November 2016.
The forecast for beginning of November 2168. Maximum value 2266, while minimum 2010. Averaged index value for month 2146. S&P 500 at the end 2138, change for November -1.38%.
S&P 500 forecast for December 2016.
The forecast for beginning of December 2138. Maximum value 2236, while minimum 1982. Averaged index value for month 2116. S&P 500 at the end 2109, change for December -1.36%.
S&P forecast for January 2017.
The forecast for beginning of January 2109. Maximum value 2232, while minimum 1980. Averaged index value for month 2107. S&P 500 at the end 2106, change for January -0.14%.
S&P 500 forecast for February 2017.
The forecast for beginning of February 2106. Maximum value 2229, while minimum 1977. Averaged index value for month 2104. S&P 500 at the end 2103, change for February -0.14%.
S&P forecast for March 2017.
The forecast for beginning of March 2103. Maximum value 2309, while minimum 2047. Averaged index value for month 2159. S&P 500 at the end 2178, change for March 3.57%.
S&P 500 forecast for April 2017.
The forecast for beginning of April 2178. Maximum value 2311, while minimum 2049. Averaged index value for month 2180. S&P 500 at the end 2180, change for April 0.09%.
S&P forecast for May 2017.
The forecast for beginning of May 2180. Maximum value 2346, while minimum 2080. Averaged index value for month 2205. S&P 500 at the end 2213, change for May 1.51%.
S&P 500 forecast for June 2017.
The forecast for beginning of June 2213. Maximum value 2352, while minimum 2086. Averaged index value for month 2218. S&P 500 at the end 2219, change for June 0.27%.
S&P forecast for July 2017.
The forecast for beginning of July 2219. Maximum value 2470, while minimum 2190. Averaged index value for month 2302. S&P 500 at the end 2330, change for July 5.00%.
S&P 500 forecast for August 2017.
The forecast for beginning of August 2330. Maximum value 2459, while minimum 2181. Averaged index value for month 2323. S&P 500 at the end 2320, change for August -0.43%.
S&P forecast for September 2017.
The forecast for beginning of September 2320. Maximum value 2336, while minimum 2072. Averaged index value for month 2233. S&P 500 at the end 2204, change for September -5.00%.
S&P 500 forecast for October 2017.
The forecast for beginning of October 2204. Maximum value 2295, while minimum 2035. Averaged index value for month 2175. S&P 500 at the end 2165, change for October -1.77%.
GREEN- All-time High
RED- Weekly Low(s)
RED-CHANNEL- Latest Mid-Term (Daily) SHORT CHANNEL "Broken 09th of Nov 2016- Event US Presidential Elections"
Current Long Positions and looking to add for future trades.
