Weekly Data Summary Suggests:
Current Weekly Trend (price relationship to the trend MA) is Bearish
The price relationship to the moving averages currently suggest Short positions.
Current chart score suggests that Bearish Sentiment is present.
The anticipated upcoming trade range is between 2196.33 - 2304.93
No Conolidation Exists at this time
If SPX is capable of maintaining the current strength as of today, the projection generated from the weekly chart is a target price of 2130 - 2187
Out of the combined (weekly & daily) indicators monitored, 100.00% are bearish, 0.00% are bullish and 0.00% are neutral
The prices have moved 6.9 times the normal trade range from Trend Moving Average, a stall/decline may occur to return to the average.
The RSI that monitors bullish strength has a current weekly reading of: Bearish
The RSI that monitors bearish strength has a current weekly reading of: Bearish
The strength demonstrated over the last 5 weeks is currently: Bearish
Daily Data Summary Suggests:
Current Daily Trend (price relationship to the trend MA) is Bearish
The price relationship to the moving averages currently suggest Short positions.
Current chart score suggests that Bearish Sentiment is present.
The anticipated upcoming trade range is between 2134.41 - 2304.93
Price Consolidation has formed between: 2280.52 - 2562.98
If SPX is capable of maintaining the current strength as of today, the projection generated from the daily chart is a target price of 2198 - 2207
The prices have moved 3.56 times the normal trade range from Trend Moving Average, a stall/decline may occur to return to the average.
The RSI that monitors bullish strength has a current daily reading of: Bearish
The RSI that monitors bearish strength has a current daily reading of: Bearish
The strength demonstrated over the last 5 days is currently: Bearish
Comments:
STD DEV for March 23 - 27: 2520 - 2089
STD DEV for Monday March 23: 2003 - 2606
Going out on a limb here and going to call immediate bottom of 2130 - 2187.
It won't be all that stable as America is now facing the virus and it is the numbers of infected/dead that come from here that can force the markets further down.
** If data does not significantly change between trade dates, a daily update may be skipped. Monthly and Weekly updates will always be provided. **
Current Weekly Trend (price relationship to the trend MA) is Bearish
The price relationship to the moving averages currently suggest Short positions.
Current chart score suggests that Bearish Sentiment is present.
The anticipated upcoming trade range is between 2196.33 - 2304.93
No Conolidation Exists at this time
If SPX is capable of maintaining the current strength as of today, the projection generated from the weekly chart is a target price of 2130 - 2187
Out of the combined (weekly & daily) indicators monitored, 100.00% are bearish, 0.00% are bullish and 0.00% are neutral
The prices have moved 6.9 times the normal trade range from Trend Moving Average, a stall/decline may occur to return to the average.
The RSI that monitors bullish strength has a current weekly reading of: Bearish
The RSI that monitors bearish strength has a current weekly reading of: Bearish
The strength demonstrated over the last 5 weeks is currently: Bearish
Daily Data Summary Suggests:
Current Daily Trend (price relationship to the trend MA) is Bearish
The price relationship to the moving averages currently suggest Short positions.
Current chart score suggests that Bearish Sentiment is present.
The anticipated upcoming trade range is between 2134.41 - 2304.93
Price Consolidation has formed between: 2280.52 - 2562.98
If SPX is capable of maintaining the current strength as of today, the projection generated from the daily chart is a target price of 2198 - 2207
The prices have moved 3.56 times the normal trade range from Trend Moving Average, a stall/decline may occur to return to the average.
The RSI that monitors bullish strength has a current daily reading of: Bearish
The RSI that monitors bearish strength has a current daily reading of: Bearish
The strength demonstrated over the last 5 days is currently: Bearish
Comments:
STD DEV for March 23 - 27: 2520 - 2089
STD DEV for Monday March 23: 2003 - 2606
Going out on a limb here and going to call immediate bottom of 2130 - 2187.
It won't be all that stable as America is now facing the virus and it is the numbers of infected/dead that come from here that can force the markets further down.
** If data does not significantly change between trade dates, a daily update may be skipped. Monthly and Weekly updates will always be provided. **
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.