This S&P 500 ($SPX) chart shows the past six months of daily prices after the index finished the week at 1,354.68 on Friday, July 6, 2012. Resistance at the trend line of lower highs proved too much for the large cap index this past week as the rally in stocks was halted after surging higher from the…
Tag: $SPX
S&P 500 Chart – June 29, 2012
This S&P 500 ($SPX) chart shows the past six months of daily prices after the index finished the week at 1,362.16 on Friday, June 29, 2012. June was a strong month for the S&P 500 as it bounced off its lows met on the first couple of days of trading. That bounce took the large cap index…
S&P 500 – 10 Year Chart
This S&P 500 ($SPX) chart shows the past 10 years of Monthly prices after the index finished the week at 1,278.04 on Friday, June 1, 2012. The recent SPX correction moved the index into the middle of its ascending trading channel where it found support at a trend line that has worked as support multiple times in…
SPX Chart – Oversold?
This S&P 500 ($SPX) chart shows the past year of daily prices after the index finished the week at 1,295.22 on Friday, May 18, 2012.. The reason we look at charts is to try to find a pattern in the past that could reflect the direction to come in the future. We’ve all read the disclaimers…
S&P 500 Chart – Range Bound Again
This S&P 500 ($SPX) chart shows the past three months of daily prices after the index finished the week at 1,369.10 on Friday, May 4, 2012. The technical indicators are not giving as clear of a picture as they often do in foreshadowing what is to come in the near term. This tends to happen when…
S&P 500 Chart – Which Way Do We Go?
This S&P 500 ($SPX) chart shows the past six months of daily prices after the index finished the week at 1,378.53 on Friday April 20, 2012. A couple of weeks ago I questioned if the “Sell in May” crowd had started their annual exodus early. Since then the market fell a few percentage points, but then recovered…
S&P 500 – Did Sell in May Come Early?
This S&P 500 ($SPX) chart shows the past six months of daily prices after the index finished the week at 1,398.08 on Thursday April 5, 2012. Thursday’s close left the SPX in a precarious position. It remained above its four month trend line of higher lows, but closed below its 10 and 20 day moving averages (dma)….
S&P 500 Chart – How Long Will The Trading Channel Last?
This S&P 500 ($SPX) chart shows the past four months of daily prices after the index finished the week at 1,397.11 on Friday, March 23, 2012. The S&P 500 made yet another trip to the top of its trading range, but found resistance at the trend line of higher highs. As has been the case since this…
S&P 500 Chart – February 3, 2012
This S&P 500 ($SPX) chart shows the past three months of daily prices after the index finished the week at 1,344.90 on Friday, February 3, 2012. Three trend lines stand out in this chart. All are ascending. The lowest line traces the trend of higher lows that started in November. The top line tracks the trend of…