Technical Overview of S&P500(SPX) Good Evening, Everyone! $SPX ( S&P500 ) as of March 04, 2021: SPX decreased by 51.25 (-1.34%) points. SPX formed a Rounding-Top Pattern, also referred to as an inverse saucer pattern. Technical analysis of price information suggests that a rounding top may form at the end of an extended upward trend supported by an inverted volume...
Technical Overview of S&P500(SPX) Good Evening, Everyone! $SPX ( S&P500 ) as of March 03, 2021: SPX decreased by 50.57 (-1.31%) points. From the very inception, bears took control, led the market until the closing bell, and dragged down the index by 50.57 points. But still, SPX is within the consolidation range we marked yesterday from 3928.65-3789.54. SPX...
Technical Overview of S&P500(SPX) Good Evening, Everyone! $SPX ( S&P500 ) as of February 26, 2021: SPX decreased by 18.19 (-0.48%) points. SPX penetrated the last swing low and made a lower low. It got support from EMA50 and closed above it. SPX confirmed the short-term downtrend by creating a lower low and cracking EMA20. If it continues the down move, the...
$FLNT is moving nicely in the daily chart, after a WRB candle it made an inside bar last day. The weekly chart made a rounded bottom pattern and on the verge of a breakout. It is likely that it will maintain the uptrend till the declaration as the demand(volume) is increasing regularly. We will see HH and HLs at regular intervals.
Technical Overview of S&P500(SPX) Good Evening! $SPX ( S&P500 ) as of February 19, 2021: SPX decreased by 7.26 (-0.19%) points. As a continuation of the previous day's hammer candle in the daily chart, SPX made a bullish candle in the first two hours. But the higher price was rejected, and we got a lower high in the two-hour chart. SPX is moving sideways in the...
Technical Overview of S&P500(SPX) Good Evening! $SPX ( S&P500 ) as of February 18, 2021: SPX decreased by 17.36 (-0.44%) points. Intraday Movement - 2H chart In the first candle, SPX started with a gapped down and penetrated the EMA50 and bounced back and made a close near the top. The following two candles made an HL and HH. The last candles made a HH but...
$SPX ( S&P500 ) as of November 20, 2020: SPX decreased by 24.33 (-0.68%) points. SPX made an inside bar and still moving sideways. The current range is from 3645.91 to 3511.91, and if it takes the last swing low of 3511.91, a short-term downtrend will start. In the weekly chart, we also get an inside bar, and sideways movement is evident. So we can't forecast...
$SPX ( S&P500 ) as of November 19, 2020: SPX increased by 14.08 (-0.39%) points. No significant change today, SPX is still consolidating in between the narrow range marked on the chart with two red lines.
$SPX ( S&P500 ) as of November 18, 2020: SPX decreased by 41.74 (-1.16%) points. SPX made a lower high after a Doji candle. The index retesting the support which is the boundary of the rectangular box marked for the range. If it takes the last swing low(HL) of 3511.91 the current rally will turn into a short-term downtrend. The next dynamic supports are around...
$TSLA: Due to the news effect TSLA made a big gap-up but failed to hold the ground and closed near the low of the day and we got a big red candle. But it managed to make a substantial gain of 8.21%. In the daily chart, it made an upside breakout from the symmetrical triangle. In the 65m chart, it made a higher low after the gap-up and consolidating within the...
$SPX ( S&P500 ) as of November 17, 2020: SPX decreased by 17.38 (-0.48%) points. SPX made higher low with a Doji candle. The index takes a pause in its upward journey and the Doji represents indecision on the side of both buyers and sellers. But it may also be a time when buyers or sellers are gaining momentum for a continuation trend. The index tested the...
$SPX ( S&P500 ) as of November 16, 2020: SPX increased by 41.76 (1.16%) points. SPX made a successful breakout from the range marked as a pink rectangle on the daily chart. Now it needs a higher high to continue the journey by way of making HH & HL. As the index entered into the supply zone we may see some reaction at the all-time high level. However, a higher...