HAL9000
Bán

SPX: More downside probable

SP:SPX   Chỉ báo S&P 500
The US Equity market has been visibly gearing for a correction since mid Jan this year (please see related comments below).
A 10% fall in one week is a good start; We are now half way to a new, bear paradigm.

Yesterday was technically as bad, if not worse, than Monday:
- The S&P 500             was in a downtrend all day;
- It fell on greater volume than average (2x);
- The downtrend accelerated in the last hour, on increasing volume ;
- The index closed at the day low and LOWER than the Monday close;
- Most technical indicators have now turned negative on most time frames;
- Next support levels I am watching --> 2,560 / 2,550 / 2,511 / 2,400 / 2,336 / 2,225 / 2,175

What would it take to claim back the up-trend?
- A turn in technical indicators;
- A rebound in significant volume ;
- A sustainability in the rebound and in the volume ;
- A progressive close above any of the previous opens;
- An upward catalyst ( earnings , interest rates, policy, etc.)
- Most of the above would take time to work themselves out.

Please see previous post "SPX: Flashing cautionary signals (again)." for suggested action in the current downtrend.
Please be on the lookout for new tactical ideas in a market which promises to be technical, exciting and fun!
Motto until further notice: Patience, prudence, do not fight the trend.
Bình luận: Great rebound yesterday, as a follow-through from the day before. We are yet to see volumes pickup on the upside, however. I would also like to see a close above 2,685 and then 2,727 for confirmation. Meanwhile, we will have to face the wall of inflation worry scheduled WED/THU. The market seems to be already pulling back a little.
Tiếng Việt
English
English (UK)
English (IN)
Deutsch
Français
Español
Italiano
Polski
Türkçe
Русский
Português
Bahasa Indonesia
Bahasa Melayu
ภาษาไทย
日本語
한국어
简体中文
繁體中文
Trang chủ Sàng lọc cổ phiếu Công cụ tìm kiếm tín hiệu Forex Tìm kiếm tín hiệu Cryptocurrency Lịch kinh tế Cách thức hoạt động Tính năng biểu đồ Điều khoản sử dụng Người điều hành Giải pháp Website & Môi giới Widgets Thư viện biểu đồ chứng khoán Yêu cầu tính năng Blog & Tin tức Hỏi đáp Hỗ trợ & Wiki Twitter
Hồ sơ Tùy chỉnh hồ sơ Tài khoản và Tính phí Tickets Hỗ trợ của tôi Liên hệ hỗ trợ Các ý tưởng đã xuất bản Người theo dõi Đang theo dõi Tin nhắn riêng Trò chuyện Đăng xuất