Tag Archives: S&P 500

S&P 500 Index chart analysis

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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

S&P 500 Index bar chart analysis

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Can the S&P 500 Index hold the 200-day moving average?
Bar chart for the S&P 500 Index showing support and resistance levels.

S&P 500 Index YTD Daily Bar Chart

Near-term downtrend for the S&P 500. If the Index cannot hold the 200-day simple moving average which is near the 50% retracement zone, then the next test is 1,340 which is the 66% retracement zone. If the index cannot hold 1,340 the next support level is around the June low price zone of 1,275.

When you trade online, always assess the probabilities. A comfortable cash level is appropriate until there is technical evidence of a reversal of the near-term downtrend.

Update for November 23, 2012: S&P500 held support at the 66% retracement zone on the intermediate downtrend. Today, it is currently trading at 1,405 and will meet resistance at 1,410 and then major resistance at 1,425.  The reversal of roles is an important concept in technical analysis: what was support on the way down is now resistance on the way up. The near-term trend is up but the intermediate trend is still down.

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

Relevant articles picked from the Web:

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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 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 candlestick chart analysis

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Near-term trend is down for the S&P 500 Index
Candlestick chart analysis for the S&P 500 Index showing support and resistance levels.

S&P 500 Index 3 Year Weekly Chart

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

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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

Technical Analysis: S&P 500 Index

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Retracement zone if the S&P 500 cannot hold support
Technical analysis of the S&P 500 Index showing the support zone and the retracement zone. The near-term trend is down and the intermediate trend is up.

S&P 500 Index 6 Month Daily chart

What is the trend? That is the most important point to determine in technical analysis and you always trade in the direction of the trend. The major trend is up, the intermediate trend is up and the near-term trend is down. The S&P 500 Index has gained around 16% from the June low for the current intermediate uptrend. Anytime an index or stock has gained around 20%, reversal signals on the charts take on greater significance. Trading is all about the assessing the probabilities.

The intermediate uptrend is still intact but the near-term downtrend must stop at the intermediate support zone. This support zone is around 1,420 which was a resistance point in the uptrend. The reversal of roles is an important concept in technical analysis. Also, the support zone is around the 50-day simple moving average which is always an important input in automated trading systems. And, the support zone is at the intersection of the upward sloping trendline.

The retracement zone is based on the 50% retracement of the move which started in June.  Also, the retracement zone is near the 200-day simple moving average which is also an important input in automated trading systems.

In summary, always trade in the direction of the the intermediate trend until there is a confirmed break of the trendline. Traders use different time and percent levels for confirmation numbers.

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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

S&P 500 candlestick chart analysis

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Bullish shaven head candlestick closes above resistance
Bullish shaven head candlestick closes above resistance on the daily chart.

S&P 500 Index YTD Daily Chart

Reference the last chart analysis for the S&P 500 Index published on August 24, 2012.

Some points to ponder from the above chart:

  • Tall bullish shaven head candlestick closes above resistance.
  • Now must hold above the resistance zone.
  • The resistance zone will be the new support zone — reversal of roles concept.
  • Volume must increase to sustain the intermediate uptrend.
  • OBV is not confirming the uptrend: this is a concern.
  • RSI is confirming the intermediate uptrend.
  • If the index holds above 1,425 then the intermediate target is 1,530.

Must read 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

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Another week and another chance for a breakout above 1,420
Candlestick chart for the S&P 500 Index showing support and resistance levels. RSI is confirming the intermediate uptrend.

S&P 500 Index 6 Month Chart

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

Relevant articles picked from the Web:

______________________________

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 candlestick chart

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Can the S&P 500 break major resistance?
Intermediate uptrend for the S&P 500 Index with major resistance at 1,420. RSI is confirming the uptrend.

S&P 500 Index 6 Month Candlestick Chart

The technical indicators in the above chart point to the index having a good chance to break major resistance which was the April, 2012 high. This will be a major test for the S&P 500 and the bears are waiting for any signs of capitulation. The only negative is the relatively light volume which is typical for the summer months. But, at least the volume has increased over the last three trading days. Take your signals from the market action and trade accordingly.

Reference the last candlestick chart analysis for the S&P 500

Relevant articles picked from the Web:

______________________________

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

Technical Analysis: S&P 500 Index

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Intermediate uptrend for the S&P 500 Index
Intermediate uptrend for the S&P 500 Index with major resistance at 1,420

S&P 500 Index 6 Month Daily Chart

Reference the last chart analysis for the S&P 500 posted on July 23, 2012.

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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