Category Archives: U.S. Indexes

S&P 500 up 26.89% in 2021

S&P 500 sector performance

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Technical Analysis is about avoiding snakes and catching ladders

Note: This technical analysis is for educational purposes. Please conduct your own analysis or consult a financial advisor before making investment decisions. The author of this article may hold long or short positions in the featured stocks or indexes.

© 2021 TradeOnline.ca InvestOnline.ca

S&P 500 Index support and resistance levels

The S&P 500 has struggled to break above resistance of 4700 with divergence represented on the RSI indicator. The S&P 500 is now testing support at 4600 which is right at the 50-day simple moving average. You now have your lines in the sand before the major support level around the 200-day simple moving average. S&P 500 daily chart showing support and resistance levels

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Technical Analysis is about avoiding snakes and catching ladders

Note: This technical analysis is for educational purposes. Please conduct your own analysis or consult a financial advisor before making investment decisions. The author of this article may hold long or short positions in the featured stocks or indexes.

© 2021 TradeOnline.ca InvestOnline.ca

S&P 500 percent of stocks above 50 day moving average

Just 41.48% of stocks are above their 50 day moving average which is reason for concern Percent of S&P 500 stocks above the 50 day moving average

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Technical Analysis is about avoiding snakes and catching ladders

Note: This technical analysis is for educational purposes. Please conduct your own analysis or consult a financial advisor before making investment decisions. The author of this article may hold long or short positions in the featured stocks or indexes.

© 2021 TradeOnline.ca InvestOnline.ca

S&P 500 sector performance YTD to October 29, 2021

S&P 500 sector performance

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Technical Analysis is about avoiding snakes and catching ladders

Note: This technical analysis is for educational purposes. Please conduct your own analysis or consult a financial advisor before making investment decisions. The author of this article may hold long or short positions in the featured stocks or indexes.

© 2021 TradeOnline.ca InvestOnline.ca

S&P 500 closes above resistance of 4550 which is now the new support level to mark on your chart

The shooting star candlestick today is a little concerning but the main point is that the S&P 500 must stay above the breakout point near 4550 which is the new support level. The reversal of roles from resistance to support or vice versa is an important concept in technical analysis.

Daily chart of the S&P 500

The following chart is one of the breadth indicators. It points out that 64.73% of the S&P 500 stocks are trading above their 50-day moving averages. This is up from 25% at the beginning of October. This breadth indicator is confirming the recent upward trajectory of the index. This indicator needs to move up with the index . 

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Technical Analysis is about avoiding snakes and catching ladders

Note: This technical analysis is for educational purposes. Please conduct your own analysis or consult a financial advisor before making investment decisions. The author of this article may hold long or short positions in the featured stocks or indexes.

 

© 2021 TradeOnline.ca InvestOnline.ca

S&P 500 testing resistance at 4550

Chart of S&P 500

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Technical Analysis is about avoiding snakes and catching ladders

Note: This technical analysis is for educational purposes. Please conduct your own analysis or consult a financial advisor before making investment decisions. The author of this article may hold long or short positions in the featured stocks or indexes.

© 2021 TradeOnline.ca InvestOnline.ca

S&P 500 moves above the 50-day moving average

There will be a test of the recent high around 4550

Daily chart of the S&P 500

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Technical Analysis is about avoiding snakes and catching ladders

Note: This technical analysis is for educational purposes. Please conduct your own analysis or consult a financial advisor before making investment decisions. The author of this article may hold long or short positions in the featured stocks or indexes.

© 2021 TradeOnline.ca InvestOnline.ca

S&P 500 Index is attempting to hold support near 4300

Chart of the S&P 500 Index S&P 500® | S&P Dow Jones Indices (spglobal.com)

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Technical Analysis is about avoiding snakes and catching ladders

Note: This technical analysis is for educational purposes. Please conduct your own analysis or consult a financial advisor before making investment decisions. The author of this article may hold long or short positions in the featured stocks or indexes.

© 2021 TradeOnline.ca InvestOnline.ca