Weekly Data Summary Suggests:
Current Weekly Trend (price relationship to the trend MA) is Bearish
The price relationship to the moving averages currently suggest Short positions.
Current chart score suggests that Bearish Sentiment is present.
The anticipated upcoming trade range is between 2644.96 - 2759.47
Prices have broken through the consolidation low
If SPX is capable of maintaining the current strength as of today, the projection generated from the weekly chart is a target price of 2304.47
Out of the combined (weekly & daily) indicators monitored, 100.00% are bearish, 0.00% are bullish and 0.00% are neutral
The prices have moved 4.19 times the normal trade range from Trend Moving Average, a stall/decline may occur to return to the average.
The RSI that monitors bullish strength has a current weekly reading of: Bearish
The RSI that monitors bearish strength has a current weekly reading of: Bearish
The strength demonstrated over the last 5 weeks is currently: Bearish
Daily Data Summary Suggests:
Current Daily Trend (price relationship to the trend MA) is Bearish
The price relationship to the moving averages currently suggest Short positions.
Current chart score suggests that Bearish Sentiment is present.
The anticipated upcoming trade range is between 2616.19 - 2711.03
Price Consolidation has formed between: 2478.86 - 2882.99
If SPX is capable of maintaining the current strength as of today, the projection generated from the daily chart is a target price of 2794.67
The prices have moved 2.87 times the normal trade range from Trend Moving Average, a stall/decline may occur to return to the average.
The RSI that monitors bullish strength has a current daily reading of: Bearish
The RSI that monitors bearish strength has a current daily reading of: Bearish
The strength demonstrated over the last 5 days is currently: Bearish
Comments:
Volatility has caused the STD DEV calculation to widen quite a bit.
STD DEV for week of 16 - 20 March: 2560 - 2862
STD DEV for Monday March 16: 2459 - 2963
Anticipating a rise to the daily price target prior to a continued decline toward the weekly price target.
** If data does not significantly change between trade dates, a daily update may be skipped. Monthly and Weekly updates will always be provided. **
Current Weekly Trend (price relationship to the trend MA) is Bearish
The price relationship to the moving averages currently suggest Short positions.
Current chart score suggests that Bearish Sentiment is present.
The anticipated upcoming trade range is between 2644.96 - 2759.47
Prices have broken through the consolidation low
If SPX is capable of maintaining the current strength as of today, the projection generated from the weekly chart is a target price of 2304.47
Out of the combined (weekly & daily) indicators monitored, 100.00% are bearish, 0.00% are bullish and 0.00% are neutral
The prices have moved 4.19 times the normal trade range from Trend Moving Average, a stall/decline may occur to return to the average.
The RSI that monitors bullish strength has a current weekly reading of: Bearish
The RSI that monitors bearish strength has a current weekly reading of: Bearish
The strength demonstrated over the last 5 weeks is currently: Bearish
Daily Data Summary Suggests:
Current Daily Trend (price relationship to the trend MA) is Bearish
The price relationship to the moving averages currently suggest Short positions.
Current chart score suggests that Bearish Sentiment is present.
The anticipated upcoming trade range is between 2616.19 - 2711.03
Price Consolidation has formed between: 2478.86 - 2882.99
If SPX is capable of maintaining the current strength as of today, the projection generated from the daily chart is a target price of 2794.67
The prices have moved 2.87 times the normal trade range from Trend Moving Average, a stall/decline may occur to return to the average.
The RSI that monitors bullish strength has a current daily reading of: Bearish
The RSI that monitors bearish strength has a current daily reading of: Bearish
The strength demonstrated over the last 5 days is currently: Bearish
Comments:
Volatility has caused the STD DEV calculation to widen quite a bit.
STD DEV for week of 16 - 20 March: 2560 - 2862
STD DEV for Monday March 16: 2459 - 2963
Anticipating a rise to the daily price target prior to a continued decline toward the weekly price target.
** If data does not significantly change between trade dates, a daily update may be skipped. Monthly and Weekly updates will always be provided. **
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.