SPX End Of Week Evaluation
*** Comments prior to evaluation summary ***
There are currently no bull price projections for the SP500. All signals have been reached.
A close below 3662 for the coming week will signify a possible trend change. This would be a break thru of the floor in a consolidation range.
The bears are entering the chart.
The price action is suggesting 3646, hopefully this is just an adjustment bottom as it prepares for the next move.
However, use your risk management and stops wisely!
Don't be afraid to step out of the exit door to watch, even if it turns back around. Better to lose a little than hold and lose a lot.
Trend Analysis:
The current trend is defined by the last price and it's relationship to specific moving averages.
Check the MA strategy for more specific suggestions.
Weekly: The relationship to the primary trend MA is bullish. The price in relationship to the other averages suggest hold current position but prepare to close, ensure stops are placed.
Price Action:
Weekly: The average price range currently is 114.39 points/ticks/pips. Prices are currently 1.12x the normal trading range. Prices are trading within the mean range for activity. This generally indicates a healthy trading range.
Prices are currently caught in consolidation between 3662.71 and 3870.9.
While in consolidation the trade range may decrease to 70.452 points/ticks/pips.
Standard Deviation
Weekly: Standard deviation suggests a range from 3545.44 to 3883.06 for the following week.
Calculated Price Strength:
The strength of the trend in conjunction with specific averages.
News announcements can change the strength and directional attitude.
Weekly: Trend strength suggests trading between a range of 3643.56 to 3784.94 for the following week.
Price Projection:
The price action has generated a projection signal for the underlying.
Weekly: Price currently displays (if strength and attitude continue) a desire to move toward 3646
If strength and attitude continue, it could take between 1 to 2 trade periods (weeks) to reach the projection.
Indicators Summary.
A collection of technical indicators whose directional attitude has been summarized.
Weekly: Out of the cumulative indicators monitored, 80.00% are bullish, 10.00% are bearish, 10.00% are neutral
The CCI indicator trading strategy suggest the following:
Weekly: Strongly bullish - shorts closed.
Confirmation Signal
6 indicators combined to confirm entry/exit.
Weekly Bullish - Close/Cover directional trades
There are currently no bull price projections for the SP500. All signals have been reached.
A close below 3662 for the coming week will signify a possible trend change. This would be a break thru of the floor in a consolidation range.
The bears are entering the chart.
The price action is suggesting 3646, hopefully this is just an adjustment bottom as it prepares for the next move.
However, use your risk management and stops wisely!
Don't be afraid to step out of the exit door to watch, even if it turns back around. Better to lose a little than hold and lose a lot.
Trend Analysis:
The current trend is defined by the last price and it's relationship to specific moving averages.
Check the MA strategy for more specific suggestions.
Weekly: The relationship to the primary trend MA is bullish. The price in relationship to the other averages suggest hold current position but prepare to close, ensure stops are placed.
Price Action:
Weekly: The average price range currently is 114.39 points/ticks/pips. Prices are currently 1.12x the normal trading range. Prices are trading within the mean range for activity. This generally indicates a healthy trading range.
Prices are currently caught in consolidation between 3662.71 and 3870.9.
While in consolidation the trade range may decrease to 70.452 points/ticks/pips.
Standard Deviation
Weekly: Standard deviation suggests a range from 3545.44 to 3883.06 for the following week.
Calculated Price Strength:
The strength of the trend in conjunction with specific averages.
News announcements can change the strength and directional attitude.
Weekly: Trend strength suggests trading between a range of 3643.56 to 3784.94 for the following week.
Price Projection:
The price action has generated a projection signal for the underlying.
Weekly: Price currently displays (if strength and attitude continue) a desire to move toward 3646
If strength and attitude continue, it could take between 1 to 2 trade periods (weeks) to reach the projection.
Indicators Summary.
A collection of technical indicators whose directional attitude has been summarized.
Weekly: Out of the cumulative indicators monitored, 80.00% are bullish, 10.00% are bearish, 10.00% are neutral
The CCI indicator trading strategy suggest the following:
Weekly: Strongly bullish - shorts closed.
Confirmation Signal
6 indicators combined to confirm entry/exit.
Weekly Bullish - Close/Cover directional trades
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