Home > heikin-ashi > Higher risk than reward. A #heikinashi view of an extended market $SPX $SPY $DIA $DJIA

Higher risk than reward. A #heikinashi view of an extended market $SPX $SPY $DIA $DJIA

October 7, 2018

S&P-500 (yearly)

  • (+) Still in an uptrend.
  • (-)  $SPX needs to make a higher high next year to maintain this trend. Questionable.

S&P-500 (monthly)

  • (+) An 11% deviation is where the breaks scream “Stop!”
  • (-) Slowdown. Mov(C, 10) is closing up with the price, despite the last euphoric segment.
  • (+-) Danger zone when the close will go below its 10-month average.

 

S&P-500 (weekly)

  • (-) Slowdown. The 10-week average is closing up with the price (price is slower than the average).

 

S&P-500 (daily)

  • (-) Short-term, trouble. The recent low should not go below the one in September. Otherwise, the uptrend gets weaker.
  • (-+) Levels of support (blue dashed lines).

 

Advertisements
Categories: heikin-ashi Tags: , , , , ,
%d bloggers like this: