Showing posts with label SPX500. Show all posts
Showing posts with label SPX500. Show all posts

30 March 2022

SPX 500 Headed Into The Last Trading Day of March 2022

One of the most common [and reliable] chart signals happens at the end of a month, quarter or year.

That signal? 

Buyers taking stocks and, consequently, indices higher.

Given the market has made a strong, multi day move higher, made a higher high and breached TAOST Balance Zone to the upside, the index may take a breather, but don't be surprised if price resumes its upward trek in short order.





31 December 2018

2018 S&P 500 Performance

Wide range, but -6% for the year.

Price looks to be approaching resistance which was formally support (the horizontal red lines).

In the near term, the most likely direction is down...