The S&P500 has reached new highs again, hitting 2989 as I type, after breaking out of a period of consolidation. It’s likely to run on to tackle the 3000 milestone level shortly, where the chart...
$SPX
Head and Shoulders pattern on S&P 500 doesn’t bode well – Is recent history about to repeat itself? (SPX, SPY)
Global markets took a tumble yesterday with the S&P 500 dipping 1.2pc, and the Dow Jones losing 1.1pc. In addition to the Dow potentially having triple topped, a worrying signal has formed on...
Where is support? – A look at the Dow Jones, S&P 500, and FTSE-100 indices
The global market sell off has largely wiped out the past 18 months gains on the US indices. The straw that broke the camels back was the FED proceeding to raise interest rates by 0.25% to a target...
S&P 500: Time for a short inception? ($SPY $SPX)
The S&P 500 Index has just broken above its all-time high hit just before January’s correction. After six months of regaining lost ground, is it about to continue its march higher unabated? Your...
Red or black? US indices have become so volatile, blink and you might miss their next move
Yesterday was make or break for US indices and the day ended positively with the Dow Jones up 1%, having swung around 900 points from its low to high within 24 hours. It was some turnaround, and...