S&P Could Be In Final Leg Of Medium-term Rally
the S&P is in a nice uptrend and as long as this rising trend remains intact, the path with least resistant is higher. However, the lagging Money Flow measure suggested that the market could be in...
View ArticleS&P Entered Extreme Overbought Zone
this week impressive advance had pushed the S&P into the red zone, or extreme overbought territory, which we’ve determined using our proprietary momentum indicator. Like a rubber band, stocks tend...
View ArticleTest Of S&P 1800 Likely But Not Before A Short-term Consolidation
Thursday’s bearish breakdown signaled a resumption of the April downswing, which would eventually take the S&P back to key support at the important sentiment 1800 level. Although seemingly...
View ArticleS&P in Range Bound Trading Environment
S&P will have a downward bias this week, pressured by short-term negative momentum but we expect support at the trend channel moving average to remain largely intact. There is a high probability...
View ArticleMarket True Character Will likely be Tested
the overall technical backdrop remains bullish with the long-term trend pointing upward. And until this changes, short-term market dips should be taken as buying opportunities. With that said, there is...
View ArticleMarket Internals Points toward Fading Trend
while short-term momentum remains positive as S&P inches into the area of key overhead resistance, market internals are pointing toward a fading trend. As for strategy, traders should consider...
View ArticleS&P Trapped in Narrow Range
near-term picture remains the same, S&P is trapped within the 2440 to 2430 narrow range. While several short-term indicators are pointing toward a fading trend, positive trading sentiment could...
View ArticleEnthusiastic Market Sentiment Points to Near-term Weakness
stocks could keep up their slow march higher in the coming days as trading sentiment remains strong. However, the fact that the S&P is getting close to the upper boundary of its short-term trading...
View ArticleS&P 2800 too Big and too Important to Fall Quickly
the fact that the S&P is basing sideways rather than bouncing higher as market digested Tuesday’s massive selloff indicating an internal weakness. Nevertheless, the 2800 zone is too big and too...
View ArticleS&P near Critical Tipping Point
S&P’s oversold rally is showing signs of buyer’s fatigue, noting a struggle for the index to get past 2700. A failure to move above key resistance means that most of the potential buyers at this...
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