A Technical Look at the $SPX
We all know 1,130 has been a killer resistance level in the S&P 500 ($SPX) the last four months, but the underlying importance of this level may be bigger than you know. Check this out..
A Techical Look at the $SPX
The S&P 500 Index ($SPX) has developed several major technical patterns over the last few months that many traders will be watching closely in the weeks to come. Important directional clues could be revealed by these patterns ahead. Take a look..
It’s Decision Time for the $SPX!
The S&P 500 has been winding up the last two months in anticipation of a larger breakout move. Well, the time has come. While a breakout in any direction could be huge, two major technical patterns indicate the breakout will be to the upside. Here’s why…
S&P 500 to 1,200?
Last week, I wrote about the 1,000-point triangle pattern in the Dow Jones Industrial Average, which finally went into full “breakout mode” late in the week. The S&P 500 Index (SPX) is getting the initial break through the top of its triangle, too, which forecasts a move back to 1,200…but it might need a little help from the $VIX.
Look Familiar?
I wrote about the $VIX Reversal Signal in my June 30 entry entitled “Follow the $VIX”. So far, the $VIX Reversal Signal has been money…but so has the H&S fake breakout I diagrammed on the S&P 500!