Category Archives: Stock Indices

S&P 500 Cash Index Cycle Location 05112018

Last week the S&P 500 cash index marched to pass 2717, which is a prior swing high.  It closed firmly above 2717 as well.  This action took place on the 5th weekly bar of the weekly cycle which was started on 04/06/2018.  So the cycle location is much clearer now.  

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S&P 500 Cash Index Cycle Location 05042018

The S&P 500 cash index violated the wedge on the downside on 05/03/2018, but the next day it promptly reversed the direction.  The failure to bust the wedge on the downside brought out the daily cycle that its cycle low was made on 05/03/2018.  Right now it is still trading

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Earnings Failed to Change the Mood

Intel and Microsoft both had a blowout earnings report, it didn’t matter.  The market couldn’t sustain the overnight rally and it was sold off during the day session.  The market is at a serious cross road.  It is contemplating a host of issues.

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S&P 500 Cash Index Cycle Location 04132018

As of 04/13/2018, the S&P 500 cash index formed a weekly swing low.  The low occurred in the week of 04/06/2018 appears to be the weekly cycle low.  It has been 10 weeks since the January high to produce this weekly cycle low. 

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Hidden Collective Wisdom

On Friday April 06, the current administration  talked harshly against China about the trade imbalance.  They even showed openly that they didn’t care about the market selloff.  It really makes you wonder if the white house wanted the market to go down for the first half of 2018, so

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