HAL9000
Long

SPX Turnaround?

SP:SPX   Der S&P 500 Index
Yesterday’s session was interesting for multiple reasons. Firstly the S&P             configuration: Opening above the previous historic high but slowly eroding intraday from that new top, to end below the previous close in above average volume . Secondly, the technicals on the index suggest a reversal could be at play from a very high RSI above 80 (overbought). Thirdly, the VIX             was up more than 21% intraday and 15% at the close. And finally, it seems options on major indexes saw a significant surge in traded volume yesterday (2x average). Could it be that fear is gripping the market ahead of a potential US budget shutdown? Or will there be a continuation in the current trend after the usual one-day breather? We will need confirmation over the next couple of sessions before we can definitively conclude, but Futures suggest a rebound today. The main trend remains upwards, and I remain long the market but mindful of a potential correction to come.
Kommentar: I would like to see the SPX close above its recent intraday high of 2807.54. The market has now attempted twice to break this level without success. It is unlikely to do so on a Friday before a potential government budget shutdown.
Kommentar: The S&P did end up closing above its intraday high on Friday on slightly above average volume... There is no stopping this uptrend, it seems.
Trade geschlossen: Stop wurde erreicht
Deutsch
English
English (UK)
English (IN)
Français
Español
Italiano
Polski
Türkçe
Русский
Português
Bahasa Indonesia
Bahasa Melayu
ภาษาไทย
Tiếng Việt
日本語
한국어
简体中文
繁體中文
Startseite Aktien-Screener Devisen Signal-Finder Kryptowährung Signal-Finder Wirtschaftskalender So funktioniert es! Chartmerkmale Hausregeln Moderatoren Webseite & Brokerlösungen Widgets Stock Charting Bibliothek Feature-Anfrage Blog & Nachrichten FAQ - Häufige Fragen & Antworten Hilfe & Wiki Twitter
Profil Profileinstellungen Konto und Abrechnung Meine Support Tickets Support kontaktieren Veröffentlichte Ideen Followers Ich folge Private Nachrichten Chat Abmelden