Market weakness $SPX $SPY: *one* technical view | #heikinashi #markets #trendfollowing

Or why you should add Heikin-Ashi tools to your analysis and trading/investing.

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SP-500 ($SPX) daily

• The recent high is in response to the previous very visible top, in late September-early October. Tweets may have exacerbated the momentum. But technical remains technical.
• (-) Although a delayed indicator, $MACD works.
• (-) haDelta points to more downward pressure.

 

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SP-500 ($SPX) weekly

• (-) Lower MACD highs.
• (!) MACD is ready to turn lower.
• (-) “In haDelta I Trust!”
• (-) S-oscillator is reversing from the top.

 

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SP-500 ($SPX) monthly

• (!-) MACD may reverse.
• (-) “In haDelta I Trust!”
• (+) Risk is 11%.

 

 

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Uptrend continuation for $SPX | #markets #trendfollowing

S&P-500 ($SPX) daily

• (+) Above the trailing-stop (risk = 2.61%)
• (+) The second day of a positive S-oscilator crossover

 

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A 3D (confusing) market view | $SPX $SPY | #market #trendfollowing

S&P500 ($SPX) daily

• (+) Tired with positive signs.

 

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S&P500 ($SPX) weekly

• (-) 3,000 and it is over.
• (+) Strong probability for the S-oscillator to turn up.

 

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S&P500 ($SPX) monthly

• (+) Positive S-oscillator signal.
• (!)  Possible diamond formation (negative bias) if a lower high is formed.

 

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

Why the rally still has legs.

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S&P-500 ($SPX) weekly

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

 

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S&P-500 ($SPX) daily

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

 

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S&P-500 ($SPX) daily

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

 

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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.

 

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S&P-500 ($SPX) weekly

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

 

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S&P-500 ($SPX) monthly

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

 

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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.

 

 

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S&P 500 monthly

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

 

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S&P 500 daily

• (- -) Serious negative signal.

 

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