S&P 500 - Resistance on Lower Band of Upward Channel - unitedfinancialplanner.com
The S&P 500 has completed its steep drop to the lower band of the current upward channel yesterday with the market showing some resistance.
We also managed to close above 1,300 after dropping below on intraday trading.
The S&P 500 penetrated the lower band and closed with a DOJI candlestick pattern. Doji close normally indicates uncertainty, void [...]
S&P 500 Drops Below 1,300
The intraday trading on S&P 500 has the index below a key resistance of 1,300.
The next resistance will be 1,200 on the S&P 500.
S&P 500 - February 23 2011 Market Update - unitedfinancialplanner.com
Wednesday was another tough day for the markets. The news was trying to paint a positive picture pre-market with stories on how the averages were going to fight back or rebound.
The markets opened up and traded without a clear conviction for the first hour or so and then decided to decline and the negative sentiment settled in [...]
Has The Recent Bull Run Come To An End? unitedfinancialplanner.com
The overall stock market has been on a pretty strong bull run starting in September 2010.
The S&P 500 has gone from 1,060 to over 1,300 posting over 22% increase in 6 months.
The US stock market had a large scale across the board good old fashion sell off.
Recent news from the middle east and from Wisconson [...]
S&P500 Intraday Chart - Double Top
The S&P 500 intraday (15 minutes intervals) would indicate a double top if the futures this morning hold and we open lower.
We have been in a trading range on the S&P 500 between 1,040 and 1,100 and it looks like we might stay in it.
A great way to play the S&P500 on the downside is [...]
S&P 500 9/5/10
The S&P 500 closed up Friday, September 3, above the resistance level of 1,100. If the SP500 can hold this resistance, the next level of resistance is the 200 day moving average of 1,120 and then 1,140.
The resistance at 1,140 is also the right shoulder of a head and shoulders patter, which has not been [...]
Dow Jones Industrial Average - August 21, 2010
The Dow Jones Industrial Average (DJIA) and the S&P500 daily charts continue to show weakness for the last 10 trading sessions.
The earnings seasons was mixed and is now over and the market is looking to other economic indicators of the economy. Most of these indicators, such as jobless claims, continue to be pessimistic.
The DJIA and [...]
Day Trading Economic News Analysis: S&P 500 June 11, 2010
By: Shamim Ziyaaudhin
Understanding the direction of the market as well as the economic activity will lead to profitable trades. Keep up with our live news feed with TraderMongers.com!
S&P 500
The S&P 500 index is currently trading between these natural support and resistance levels: 1050, 1075, and the 1100. We are also trading above the 200 day [...]
Day Trading Economic News Analysis: S&P 500 June 9, 2010
By: Shamim Ziyaaudhin
Understanding the direction of the market as well as the economic activity will lead to profitable trades. Keep up with our live news feed with TraderMongers.com!
S&P 500
Fears of the European debt crisis continues to mount however many traders and investors believe that the US will recover at a much faster pace. Ben Bernanke will be [...]
S&P 500 - Can it Hold 1040?
The S&P 500 today tested the 1040 resistance early in the morning and resisted and ran up a bit.
It appears now at 1:00 that the low of the day and the 1040 resistance will be tested again. If it holds, it might signal a reversal in the short term down trend we have had [...]
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