Friday, October 28, 2016
Posted by Declan Fallon at 1:00 AM
Tuesday, October 25, 2016
There was little change for the S&P over the last couple of days. The one technical change was the MACD trigger 'buy' as other technicals stayed on the bearish side.
Posted by Declan Fallon at 11:04 PM
Sunday, October 23, 2016
The S&P remains tightly bound to the rising wedge. Swing traders have the best chance to profit; market coiling action often leads to a directional trend - either a continuation down or a counter break higher, stop on the flip side. Technicals suggest a move lower.
Posted by Declan Fallon at 10:11 PM
Thursday, October 20, 2016
The S&P has a created a small, rising wedge off a larger rising wedge from September. The 20-day and 50-day MAs lend additional overhead resistance as does higher volume distribution for the index today (although the trading range for the day was very narrow).
Posted by Declan Fallon at 11:28 PM