Posts Tagged by s&p analysis

Stock Market, headed for test of trend line. Will it hold?

Back on May 9 I posted an stock outlook for May: http://vantagepointtrading.com/archives/4251 where I stated that things were looking optimistic for bulls, but “ A drop below 1329, the recent low, indicates weakness and a test of the wedge bottom at 1323.  Support beyond does not exist until the primary support line at 1300-1290.  A…

This Reliable S&P Formation Could Make You Money!

I have just finished a short video on the S&P 500 that I believe is worth watching. In this video I detail out a particular chart formation that has proven to be very reliable in the past. If I’m right, we could see a further move and run in the S&P500 to the upside. The…

Market Continues to be Choppy

Friday saw aggresive moves, as the market opened lower and rallied furiously…only to finish the day basically unchanged. The lows of the day came very near the short-term upward trendline, showing there is still support above 1070, as the S&P 500 hit a low around 1088.  The trendline crosses currently at 1086. The stifled rally…

Is the Stock Market Really Going Higher???

It appears that the offer pulling may be working as this market once again breaks above resistance on falling average volume.  On Friday the S&P 500 broke above 1100 signaling another potential wave higher. A large triangle was broken by Friday’s move, as well as the downward trendline extending down since late April. Given that…

S&P Analysis – A Look At The Week Ahead

Before I get into the S&P analysis, here is a quick video from the other day which covers the NASDAQ.  The NASDAQ was strong compared to other benchmarks on Friday.  The video was recorded a couple days ago but is still valid and has some great content…always educational and informative. Is the Nasdaq in Thin…