Tag: #SPY

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…

Welcome to our weekly newsletter covering the latest on the S&P 500. This past week, the index had a loss of 1.3%, continuing a sluggish pattern seen over the past couple of weeks. A Sluggish Start with a Steep Mid-Week Decline Early in the week, the S&P 500 maintained its sluggish, sideways movement, mirroring trends…

Welcome to our weekly S&P 500 newsletter. This week, the S&P 500 experienced a 1.0% gain despite a highly volatile trading pattern. After last week’s signals of an overbought market, a pullback seemed likely, and indeed, the index saw significant shifts throughout the week. From Monday through Wednesday, the S&P 500 experienced a steady decline,…

Welcome to our weekly newsletter on the S&P 500. This week, the S&P 500 experienced a 0.8% gain, reflecting a relatively volatile trading period. After breaking out of the wedge formation discussed in last week’s update, the index saw significant movement. The S&P 500 enjoyed a strong rise on Monday, followed by a sell-off on…

Welcome to our weekly newsletter on the S&P 500! This week, the S&P 500 saw a solid gain of 1.1%, reflecting strong momentum in the market. Looking at the 4-hour chart, the index has been forming a wedge pattern since early October. This pattern, shown by the green trend lines, indicates some corrective sideways action.…

This week, the S&P 500 experienced a modest 0.2% gain. As you can see from the chart, the market followed a slow-moving path, showing limited action. Last week’s newsletter mentioned the gray trend line on the one-hour chart, and on Friday, the S&P 500 broke below that line. On Monday and Tuesday, the index failed…

Welcome to our weekly newsletter on the S&P 500! This week, the S&P 500 recorded a modest gain of 0.5%, climbing steadily each day. While the upward movement was gradual, it was consistent. If you look at the one-hour chart, you’ll see the price forming a clear upward-sloping trendline (grey on the chart). The price…