S&P 500 Index technical analysis

 U.S. Indexes  No Responses »
May 032013
 
Correction imminent for the S&P 500 Index?
S&P 500 Index Candlestick chart showing the 19.5% gain from the November low.

S&P 500 Index Candlestick Chart

The major, intermediate and near-term trends are all up. And you always trade in the direction of the trend.

But, after a +20% gain in an index or stock, I give increased probability to any reversal patterns. We are at that point now with the S&P 500 Index. And seasonal factors align with the probability of a correction. You judge the patterns and trade accordingly.

Reference the last chart analysis for the S&P 500 Index.

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Note: Click on HOME for updated postings. This technical analysis is for educational purposes so you can learn to trade online using candlestick charts and other technical indicators including volume, moving averages and oscillators. Please conduct your own chart analysis or consult your financial advisor before making investment decisions. The author of this article may hold long or short positions in the featured stock or index.

© 2013 TradeOnline.ca

S&P 500 candlestick chart analysis

 U.S. Indexes  No Responses »
Mar 212013
 
S&P 500 is struggling to break the all-time high of 1565.15
S&P 500 one year chart showing the upward sloping trendlines and struggling to break resistance of 1565.

S&P 500 1-Year Daily Chart

Reference the last chart analysis for the S&P 500 posted on January 21, 2013.

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Note: Click on HOME for updated postings. This technical analysis is for educational purposes so you can learn to trade online using candlestick charts and other technical indicators including volume, moving averages and oscillators. Please conduct your own chart analysis or consult your financial advisor before making investment decisions. The author of this article may hold long or short positions in the featured stock or index.

© 2013 TradeOnline.ca

Canadian Natural (CNQ:TSX) chart analysis

 Charted Stocks  No Responses »
Nov 272012
 
Intermediate trend is down for Canadian Natural Resources
CNQ chart analysis showing the downward sloping intermediate trendline.

CNQ YTD Daily Bar Chart

When you see a chart like this for a major Canadian oil company, you can understand the dismal performance of the TSX Index.

Reference the last chart analysis for CNQ published on July 17, 2012.

Reference the corporate website for CNQ.

Relevant articles picked from the Web:

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Note: This technical analysis is for educational purposes so you can learn to trade online using candlestick charts. Please conduct your own chart analysis or consult your financial advisor before making investment decisions. The chart snippets are from BigCharts.com which I recommend and have used for fifteen years. The author of this article may hold long or short positions in the featured stock or index.

© 2012 TradeOnline.ca

S&P 500 Index chart analysis

 U.S. Indexes  No Responses »
Nov 232012
 
Intermediate trend is down for the S&P 500 Index
S&P 500 Index chart analysis showing the downward sloping trendline.

S&P 500 Index YTD Daily Chart

The reversal of roles is an important concept in technical analysis: support levels that are breached become resistance in a new uptrend. That is the case for the 1410 to 1425 resistance zone.

Reference the last chart analysis for the S&P 500 Index posted on November 12, 2012.

Reference my chart analysis for the S&P 500 Index published on September 26, 2012 showing the support zone and the projected retracement zone if support was breached.

Reference the candlestick chart analysis for the S&P 500 Index published on April 17, 2012 where I gave the index a high probability of breaking resistance.

Relevant articles picked from the Web:

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Note: The above chart analysis is valid as of the publication date. To review current charts click on Home or perform a search. This technical analysis is for educational purposes so you can learn to trade online using candlestick charts. Please conduct your own chart analysis or consult your financial advisor before making investment decisions. The chart snippets are from BigCharts.com which I recommend and have used for fifteen years. The author of this article may hold long or short positions in the featured stock or index.

© 2012 TradeOnline.ca

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