$SPX It’s not over until it’s over | #markets #trendfollowing #trading #heikinashi

Why the rally still has legs.

–

S&P-500 ($SPX) weekly

• (!)   Near exhaustion
• (+) A generous trailing-stop 10% below the close

 

–

S&P-500 ($SPX) daily

• (+) 61.8% retracement has been penetrated.
• (!) Next resistance: December and November highs

 

–

S&P-500 ($SPX) daily

• (!)   In the red zone (9)
• (+) Enough room until the daily trailing-stop hits.

 

–

Advertisements

One flower doesn’t make Spring (yet) | $SPX $SPY $DIA $DJIA $COMPQ $QQQ

S&P-500 ($SPX) daily

• (!) The S-oscillator is near the top.

 

–

S&P-500 ($SPX) weekly

• (-) The S-oscillator is still damaged.

 

–

S&P-500 ($SPX) monthly

• (-) The long-term picture is negative.

 

–

A #heikinashi long-term view of the #market $SPX $SPY | #trendfollowing #technicalanalysis #trends

SP-500 yearly chart

• (+) At first sight, the market is an uptrend.
• (-) haDelta is getting weaker.
• If 2019 will print a lower high than the one in 2018, then haDelta will fall under its short average and the 2018 top will be confirmed. And the bull market will end.

The market from different (technical) angles $SPX $SPY $DIA $DJIA $COMPQ $QQQ #markets #trendfollowing #heikinashi

S&P 500 weekly

• (-) The weekly (momentum) market breadth doesn’t show the strength to become positive. A failure at price support will start another downtrend segment.

 

 

–

S&P 500 monthly

• (-) The monthly (momentum) market breadth is very weak, barely positive.

 

–

S&P 500 daily

• (- -) Serious negative signal.

 

–

Ready for the #seasonality rally? $SPY $SPX $QQQ $COMPQ $DIA $DJIA

A pullback first (subchart #3).

Monitoring the MACD signal (subchart #2)

–

Is the danger gone? $VIX $AMZN $SPY $SPX

AMZN/VIX daily

–

AMZN/VIX weekly

• (-) Higher volatility ahead.

 

–

AMZN/VIX monthly

• (-) A possible return of higher volatility.

 

–

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

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).

 

–