Tag: #SPX

Welcome to our weekly S&P 500 analysis. This week, the market saw a significant decline, with the index losing 2%. Last week, we anticipated another test of the key 6,000-point psychological level, and that’s precisely what happened earlier this week. The S&P 500 attempted to break above this barrier on Monday and Tuesday, only to…

This week’s S&P 500 saw a minor decline of 0.7%. Losses persisted through the first half, with Monday through Wednesday marking gradual declines. However, Friday offered a promising recovery, as the index rose by 1.5%, closing just shy of critical levels. Reviewing the 4-hour chart, we observe the December 18th downturn initiating a corrective phase.…

Welcome to our weekly newsletter on the S&P 500. This week, the S&P 500 experienced a gain of 0.6%. When observing the four-hour chart, the last two weeks displayed notable volatility. Last week saw a sharp drop, whereas this week was less erratic, though the market still moved up and down. The result was a…

This week, the S&P 500 saw a loss of 1.6%. This week proved to be a challenging one for the S&P 500, marked by a significant drop on Wednesday. Previously, we highlighted the increasingly compressed price action within the rising wedge formation. On Wednesday, the index finally broke below this formation following the Federal Reserve’s…

This week, the S&P 500 closed with a loss of 0.7%. While this may not seem dramatic, it reflects a market grappling with mixed signals. Recent activity shows some underlying resilience but also signs of short-term weakness. As shown in the four-hour chart, the S&P 500 continues to test key levels. In November, the index…

Welcome to our weekly newsletter on the S&P 500. This week, the index posted a 0.8% gain, continuing its upward momentum. The S&P 500 had a strong start with steadily rising prices through the beginning and middle of the week. Only Thursday and Friday saw minor losses. As shown in the 4-hour chart, the trend…

Welcome to our weekly newsletter on the S&P 500. This week, the S&P 500 gained 1.1%. On the 4-hour chart, the market experienced ups and downs: volatility on Monday, gains on Tuesday, losses on Wednesday, and additional gains on Thursday and Friday. However, trading was light due to Thanksgiving week in the US. The 4-hour…

Weekly Summary Welcome to our weekly newsletter on the S&P 500! This week, the index gained 1.6%, stabilizing after the previous week’s losses. Monday was uneventful, but Tuesday saw a sharp selloff followed by a swift recovery. Wednesday featured a back-and-forth movement, while Thursday and Friday delivered steady gains to close out the week. On…

A Pullback After Overbought Levels Welcome to our weekly newsletter on the S&P 500! This week, the index experienced a -2.0% decline, following a strong post-election rally. Last week, we noted the S&P 500’s overbought condition as it approached a long-standing resistance trendline on the weekly chart (marked in red). From Monday onward, the index…

Weekly Overview: S&P 500 Gains 4.6% on Election Momentum Welcome to this week’s update on the S&P 500! This past week, the S&P 500 recorded a significant 4.6% gain, driven by strong election-related momentum. Leading up to the election results, we noticed the index hovering near a critical support level, as indicated by the orange…