Last time I wrote about what could possibly go wrong with S&P500 index spotting a fundamentally overvalued reason and Price action on quarterly charts. This time it is more of a simple technical reason which explains why the 10% correction is due in S&P 500.
What Could Possibly go Wrong with S&P 500
S&P 500 index is at the extreme positive sentiment getting into a sort of parabolic move. Since March 2009 $SPX moved from the low of 666 to 3329 levels. That is 5 times of returns since the major swing lows of 2009.
Gentle Reminder: Once in a while, there will be a BlackSwan
This time it is Argentina Merval Index. On 12th Aug 2019, Merval Index collapsed more than 34% post-Argentine election surprise. The argentine stock market moved lower by 11% soon after trading opened for the day
How BRExit had done damage to major World Indices
Before stepping into Monday its better prepare yourself to face the music of volatility in the markets. Last Friday the outcome of BRExit vote on leaving the European union had made a huge shock wave across major financial markets including Stocks, commodities and currency markets. And Fridays price action had done a major structural damage on the time series charts.
S&P500 and Dow Jones Hourly Charts March Overview – II
Currently the US Index S&P500 is in Positional Sell mode since 14th of March and currently the resistance zone comes around 1884.14 strategy will turn to positional buy mode if the resistance breaks on the hourly charts. And Dowjones is currently in positional sell mode with support zone coming around 16170. Strategy will turn to positional sell mode if the support zone breaks on the hourly charts.
S&P500 and Dow Jones Hourly Charts March Overview – I
Currently Both the US Indices S&P500 and Dow Jones are in positional sell mode since 3rd March 2014 and trading very close to the resistance zone. Currently the resistance zone coming around 1882 and 16473 respectively. Position will be reversed to positional buy mode if the resistance zone breaks on the hourly charts
S&P500 and Dow Jones Hourly Charts February Overview – III
Currently Both the US Indices S&P500 and Dow Jones are in positional Buy mode since 7th Jan 2014. Currently the support zone coming around 1824 and 15988 respectively. Position will be reversed to positional sell mode if the support zone breaks on the hourly charts.
S&P500 and Dow Jones Hourly Charts February Overview – II
Currently Both the US Indices S&P500 and Dow Jones are in positional Buy mode since 7th Jan 2014. Currently the support zone coming around 1801 and 15784 respectively. Position will be reversed to positional sell mode if the support zone breaks on the hourly charts.
S&P500 and Dow Jones Hourly Charts February Overview – I
Currently Both the US Indices S&P500 and Dow Jones are in positional sell mode for a long time since 2nd Jan 2014. Currently the resistance zone coming around 1820 and 16121 respectively. Position will be reversed to positional buy mode if the resistance zone breaks on the hourly charts
S&P500 and Dow Jones Index January Overview – I
Currently Both the US Indices S&P500 and Dow Jones are in positional sell mode for a long time since 2nd Jan 2014. Currently the resistance zone coming around 1855 and 16543 respectively. Position will be reversed to positional buy mode if the resistance zone breaks on the hourly charts.
Dow Jones and MCX Gold Positional Trend Update
Dow Jones on the hourly charts turned to sell mode on last friday with resistance coming around 15743.Reverse your position to positional buy mode if resistance breaks on the upper side
Now World Indices 5min charts live at Marketcalls
Now Watch 10 World Major indices 5min charts live with 10 sec refresh @ marketcalls