Trade Journal Coming Soon

Follow Us:

S&P500 Weekly Analysis

  [caption id="attachment_667" align="aligncenter" width="1024"] S&P500 Daily Chart[/caption]   Last week I mentioned that the 2480 level was critical. We closed at a new high for 2017 at Point A, which was Monday's trading day. This bar was on No Demand, so it was crucial to wait for the next bar to form.     The news came out on Tuesday about North Korea, and we have seen the S&P500 get...

Read More

[caption id="attachment_652" align="aligncenter" width="1024"] S&P500 Daily Chart[/caption]   In my weekly analysis of the S&P500, I mentioned that the S&P500 on the weekly was still in a bullish uptrend. Fridays bar on the 4th August 2017 produced a No Demand signal in our VSA software. The start of the trading week, 7th August 2017 we have seen the S&P500 closed at its highest point for 2017.   With this...

Read More

[caption id="attachment_638" align="aligncenter" width="1024"] S&P500 Weekly Chart[/caption]   Last weeks trading range in the S&P500 was the smallest trading range since the lows in 2016.  On the weekly chart, prices are reaching the top of the trend channel, and there is no sign of any weakness appearing.  There is no climatic volume or high volume down days signalling the end of this up move.  The S&P500 is...

Read More

  Before the push higher in the S&P500 last week, Mondays bar at point A we say a small spread down bar which closed in the middle of the range. The volume was lower than the previous two days and this was an indication that there is no supply present at that stage.   At point B we saw a gap in price with both bars being small...

Read More

  The S&P500 continued it's rally last week. At point A which is the Mondays day trading, we witnessed a small spread down bar on volume that was lower than the previous two days. The bar confirmed the No Demand bar of Friday. As I stated in last weeks analysis, I would like to see a test after the price action broke above the 2446 price...

Read More

[caption id="attachment_556" align="aligncenter" width="1024"] S&P500 Daily Chart[/caption]   Last week I mentioned the critical level 2446 in the S&P500. This area has seen significant selling enter on numerous occasions. At Point A we saw a test of the 2415 level with the bar closing towards the highs. This test occurred at the lower trend channel. You can see how it respected that trend line.   The next day price...

Read More

[caption id="attachment_539" align="aligncenter" width="1024"] S&P500 Daily Chart[/caption]   Again this week we saw the S&P500  consolidate around the ultra-high volume bar back on the 16th June 2017.   Monday's pricing action at point A, we saw an attempt for a price rally, but the close was at the low of the bar. At point B, we saw another attempt of a rally, but yet again, price closed at...

Read More

[caption id="attachment_510" align="aligncenter" width="1024"] S&P500 Daily Chart[/caption]   On the week of the 19th June 2017, we witness price hang around the ultra-high volume area at around the 2440 level. There was another attempt to push the prices higher on Monday 26th June. The push up was on low volume, once again at point A, there is weakness when price approaches the previous highs. A VSA principle appeared...

Read More

  As mentioned in last week's analysis I mentioned that the shakeout type bar at point A would most likely produce an area of consolidation. That is exactly what we got, price action held within the previous week's range. There is an apparent struggle being formed and more volatility than normal.   The price bar on June 9th, 2017 shows that there is absorption is occurring, with an...

Read More
Get Notified About The Latest Moves In The Markets
Get the latest content first.
We respect your privacy.