.gif){kind=logo}
S&P New Highs Might not Sustain
the fact that market is overbought as S&P poked its head into the level that had been successful in repelling price action in the past does not favor a sustain breakout. The overall technical backdrop however, remains bullish so we’d look to increase upside exposure on market dips rather than chasing breakouts
S&P in Process of establishing near-term Support Plateau
current price structure suggests that the S&P is in a process of establishing a near-term support plateau from where a new up-leg will base and climb in the days ahead
S&P in Short-term Overbought Consolidation
based upon recent trading actions, the S&P is in a midst of a short-term overbought consolidation. The big test for the S&P is looming less than 1 percent below its currently level, which it needs to hold on a consecutive daily closing basis, according to our work, in order to prevent a test of secondary support in the 2420s zone
S&P Broke Key Resistance But Upside Gains Could be Limited
the fact that the S&P is overbought as it approached key price level that had been successful in repelling price action in the past suggested that upside gains could be limited. As for strategy, traders should consider buying into market dips rather than chasing breakouts
S&P cleared key resistance this week, signify a breakout and bullish reversal that support a rapid advance toward the next level of resistance at the lower boundary of the red band, around 2460
S&P Triangle Pattern Resolved to Upside
S&P broke key resistance Wednesday, signify the one-month triangle pattern had resolved itself into a new upswing but it will be important to monitor the breakout and retreat behaviors over the next few days to determine whether breakouts are decisive
after peaking in mid-June, the S&P has morphed into a triangle trading pattern. Triangle patterns are known to experience early breakouts that give traders a “head fake.” Traders should hold off for a day or two after the breakout to see if the breakout has some legs. With that in mind, we’d turn particular bearish if the index close twice below 2415
there is a distinct possibility that a triangle pattern is currently setting up in the daily chart of the S&P. This pattern typically favors a trend continuation, which is up in this case. The index could signal an extended upward trajectory, depending on how it closes over the next few days. We should know for sure by the end of the week as to whether this technical setup will be confirmed and triggered or not
the S&P reached an important low on July 6th and has now embarked on a recovery rally. The bigger test for the market is looming at the mid-2430s. A close above that level is required before there is any real prospect of a change in the short-term downward trend pressure.
Early Warnings of Imminent Trend Shift
Thursday’s bearish breakdown signify an imminent major trend shift. While there seems to be room to go lower, it will be important to monitor the retreat and rebound behaviors over the next few days to determine whether breakdowns are decisive
the fact that market is overbought as S&P poked its head into the level that had been successful in repelling price action in the past does not favor a sustain breakout. The overall technical backdrop however, remains bullish so we’d look to increase upside exposure on market dips rather than chasing breakouts
This is Capital Essence’s SPDRs Report for July 20, 2017. The report provides technical overviews and analysis for SPDRs ETF based on market activity at the end of today’s U.S. session. This information is a comprehensive summary derived from our proprietary trading system. For the time being, the Trading Map is free of charge for …[read more]
Capital Essence’s “Swing-Trader Bulletin” for July 20, 2017. Using our unique proprietary tools, the Swing Trader Bulletin identifies trading patterns, trends, support and resistance levels to establishes attractive entry and exit points, buying opportunities. Targets and Stop-loss-point are included. Subscribers, please login.
This is Capital Essence’s CEM News – Daily Trading Ideas for July 20, 2017. From a list of more than 7000 U.S. listed stocks & ETFs, our unique trend-following system had found 187 ideal trading candidates (57 buy & 131 sell) for the next trading session. Targets and Stop-loss-point are included. Subscribers, please click here …[read more]
This is Capital Essence’s “ETFs Trading Map” for July 20, 2017. …Key Technical Development: current Market Climate is characterized by an aggressive with a low volatility trading environment that had historically been positive for stocks. The near-term technical outlook… Subscribers, please click here to read more. What’s “ETFs Trading Map”? General speaking, it is the …[read more]
This is Capital Essence’s “ETFs Trading Map” Core ETFs Report for July 20, 2017. Core ETFs Model Portfolio Holdings: amid recent market volatilities, we’ve made some adjustment (read: roll stops higher) to protect profits. Most of the holdings shown nice gains. There’s a new setups. Subscribers, please click here to login. Once again, our ETFs …[read more]
| © 2004-2016 Capital Essence's Investment Blog- 錢途集團 | Power by: Capital Essence |
Market Outlook
This is Capital Essence’s CEM News – Market Outlook (the technical analysis of financial markets) for July 20, 2017. …S&P moved up to test resistance at the lower boundary of the red band after recent pullback found support near last week’s breakout point. Money Flow measure trended higher from above zero line, indicating an increase …[read more]