S&P 500 Daily Chart Analysis For Week of August 11, 2023Technical Analysis and Outlook:
The Spooz index continued this week to drop to fulfill its destination of Mean Sup 4403 and the possibility of Mean Sup 4330. However, another jump toward the newly created Mean Res 4520 level is also possible in this unconventional market.
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S&P 500 Daily Chart Analysis For Week of August 4, 2023Technical Analysis and Outlook:
The Spooz index experienced a significant drop as a result of the Inner Index Rally 4590 reaching completion last and this week's trading session, respectively. This caused our Mean Sup 4534 and 4507 to be eliminated. It seems likely that the index will continue to decline, potentially reaching our next Mean Sup 4403 and even Mean Sup 4330. However, it's important to note that there could be a Reignited Rally Resumption at the solid and strategic Mean Sup 4403 level, as this week's trading has been heavily oversold.
SHOP LONG 3rd Aug,2023I am long in SHOP and targets will be huge. Wait for my analyis and if you do understand the trade then enter it. SPY SHOULD RETRACE MORE SOplan your trade accordingly
S&P 500 Daily Chart Analysis For Week of July 28, 2023Technical Analysis and Outlook:
The Spooz performed as predicted by achieving an Outer Index Rally outcome of 4590 and indicating a desire to move higher. However, the Key Resistance at 4630 might hinder its progress, but it is just a temporary pause. The subsequent Inner Index Rally 4708 is expected to yield positive results.
S&P 500 Daily Chart Analysis For Week of July 14, 2023Technical Analysis and Outlook:
This week, the Spooz reignited its rally muscle to complete our Inner Index Rally 4521 and is currently processing retracement to Mean Sup 4403 - Unconfirmed. However, there is a solid expectation to march to the Outer Index Rally 4590.