‘S&P 500’ Archive

“Spooky” price point for S&P 500 bulls could be at hand right now!

  CLICK ON CHART TO ENLARGE Make no mistake about it, the trend is up in the S&P 500 at this time, due to being above its 100 & 200MA lines and rising support. Something is catching my eye, one day before Halloween. This has my attention-SPY is testing the underside of an old support […]

Russell doubles S&P’s performance of late, breakout could be near!

CLICK ON CHART TO ENLARGE  A couple of weeks ago on See it Markets, the Power of the Pattern suggested that Small Caps looked poised to rally (see post here). The article highlighted that the Russell 2000′s performance year-to-date was lagging the S&P by a large percentage and Russell/SPY ratio was hitting multiple support points […]

“Head & Shoulders” topping pattern forming in the Advance/Decline line?

  CLICK ON CHART TO ENLARGE When it comes to Advance/Decline line patterns and listening to its messages, I am a big fan of watching support lines and watching to see if the A/D line is diverging against the broad markets. As you can see in the right chart, the A/D line remains above support […]