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...
$SPY
Head and Shoulders pattern on S&P 500 doesn’t bode well – Is recent history about to repeat itself? (SPX, SPY)
Global markets took a tumble yesterday with the S&P 500 dipping 1.2pc, and the Dow Jones losing 1.1pc. In addition to the Dow potentially having triple topped, a worrying signal has formed on...
S&P 500: Time for a short inception? ($SPY $SPX)
The S&P 500 Index has just broken above its all-time high hit just before January’s correction. After six months of regaining lost ground, is it about to continue its march higher unabated? Your...
Red or black? US indices have become so volatile, blink and you might miss their next move
Yesterday was make or break for US indices and the day ended positively with the Dow Jones up 1%, having swung around 900 points from its low to high within 24 hours. It was some turnaround, and...
Breakout or fakeout? – Global indices start to look upbeat ($SPY $DIA #FTSE100 #DAX)
There has been a tension in the air since the worldwide market correction in February, but things are looking bullish again. Well, the major indices do, even if real life suggests conditions are far...
The FTSE100 chart gives a ‘Death Cross’ signal, while US Market Futures remain undecided ($SPY $DIA #FTSE100 #DAX)
In London, the FTSE 100 chart has provided a ‘Death Cross’ signal. This occurs when a longer term Moving Average falls below a shorter term one, and today the 50 DMA has fallen below the 200 DMA on...