I charted the daily prices for the past three months on the S&P 500 index ($SPX) after the index closed at 1,631.89 on Friday, August 2, 2013. When I charted the SPX last month, I commented that if the 50-day moving average (dma) held support the bulls would be in charge and new all time highs…
Tag: $SPX
S&P Chart – Can It Last?
I charted the daily prices for the past three months on the S&P 500 index ($SPX) after the index closed at 1,631.89 on Friday, July 5, 2013. The move lower was foreshadowed by the break in the Williams %R indicator. The 14-day indicator showed a break below overbought, which shows short-term sentiment has changed. This was…
$SPX Chart – June 7, 2013
I charted the daily prices for the past six months on the S&P 500 index ($SPX) after the index closed at 1,643.38 on Friday, June 7, 2013. After the Williams %R indicator raised red flags two weeks ago, the selling pushed the index further below its 10-day moving average (dma) and then below its 20-dma. By…
SPX Chart – May 24, 2013
I charted the daily prices for the past six months on the S&P 500 index ($SPX) after the index closed at 1,649.60 on Friday, May 24, 2013. The S&P 500 broke above previous resistance a couple of weeks ago. That breakout didn’t last very long. The large cap index has fallen below that trend line again….
S&P 500 Chart – May 3, 2013
I charted the daily prices for the past six months on the S&P 500 index ($SPX) after the index closed at 1,614.42 on Friday, May 3, 2013. The SPX has been on the tipping point recently, but didn’t go off the edge. The large cap index rode along its 50-day moving average (dma) for a few…
S&P 500 Chart – Bears’ Turn?
I charted the daily prices for the past six months on the S&P 500 index ($SPX) after the index closed at 1,555.25 on Friday, April 5, 2013, almost exactly where it was when I charted it two weeks ago. The charts are easy to read sometimes and leave little doubt as to what is to come…
S&P 500 Chart – April 5, 2013
I charted the daily prices for the past six months on the S&P 500 index ($SPX) after the index closed at 1,553.28 on Friday, April 5, 2013. Since November, the S&P 500 has traded in a narrow ascending trading channel with only two prior dips to the trend line of higher lows. This trend line was…
S&P 500 Chart – March 8, 2013
I charted the monthly prices for the past six months on the S&P 500 index ($SPX) after the index closed at 1,551.18 on Friday, March 8, 2013. As the S&P 500 passes its fourth birthday since it bottomed on March 6th, 2009, it is approaching its all time high of 1,576.09. The large cap index doesn’t show…
S&P 500 Chart – Borrowed Time
I charted the daily prices for the past six months on the S&P 500 ($SPX) after the index closed at 1,515.60 on Friday, February 22, 2013. Last week, the S&P 500 fell below its multi-month trend line of higher lows. At the same time, it fell below its 10-day moving average (dma) and 20-dma. All three…