A Quick Technical Note on the U.S. Stock Market

SP:SPX   标准普尔500指数
1726 7
Technically, we are in a sideways market.

A breakdown below 1821 is still not there. And therefore, no new long term bear trend was established..
The recent rejection and buying pressure at that level(1821) suggested that we will probably be in a tug of war between buyers and sellers, and could witness more indecisive sideways fluctuations.

Key Levels outlined on chart.

Totally agree, if you like round numbers like me, 2000-2100 seems to be a good place to short this bounce
+1 回复
Thank you for your post.
So, would you consider this setup a good risk reward situation to go long?
You might be right.

Then again…

After testing 1820 twice (2014-04-21 and 2014-10-13), price pierced it and went to 1812, then peirced it again right away, hitting a new low of 1810. The 1820 level has been tested and pierced through. Then we got a bounce. Will the bounce continue? It might…

Or will price turn downward. And if it does, where is the next level of support?

Last week (ending Feb 26) saw massive buying, and in some of the worst stocks. NUS, P, RACE, TSLA all of which had *terrible* earnings reports. Massive bounces in JNK, HYG, neither of which seem to have reached a bottom (no price consolidation, bullish reversal, double bottom (adam & eve, etc)). I'm a bit skeptical that the bounce will continue upward much more, if at all.

I would not be surprised to see SPX at 1688 or even 1550 in two weeks.

I'm net short, but with what appear to be fundamentally weak aforementioned stocks/ETFs that have already bounced up, some as much as 30%! I am not myself short SPX / SPY, but short seems more reasonable here. Ditto for for the Russell 2000 IWM. I'm a beginner, and I don't have good entry points for the aforementioned stocks, nor the SPY.

Thank you,
Thanks Tech! Do you see any significance to the weekly closing prices being lower in the current weekly cluster vs the Sept '14 weekly cluster? 1920 seems to be a significant price level.
Technician smitheric1970
Hello mate. I am treating this whole area among 1820-1867 as a long term support zone.
as usual perfect ...thanks tech
Thanks pardis
ZH 简体中文
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 繁體中文
AR العربية
HE עברית
首页 股票筛选器 外汇筛选器 加密货币筛选器 财经日历 如何运作 图表功能 网站规则 版主 网站 & 经纪商解决方案 插件 图表库 功能请求 博客 & 新闻 常见问题 帮助 & 维基 Twitter
概述 个人资料设置 账号和账单 我的客服工单 联系支持 已发表观点 粉丝 正在关注 私人消息 聊天 退出