Just like last week and the weeks before, the trends of the three main US
indices (DJIA, NDX and SPX) remain up in all three time frames - daily, weekly
and monthly. This week, however, brought the long awaited breakout above monthly
and weekly resistance, and we'll focus on the next likely targets.
For the weekly SPX our weekly target is 1450:
While for the Q's our target is 70:
As usual, we continue to keep a close eye on the trend indicator and pivot
line (courtesy of OddsTrader apps) for signs of trouble ahead.
The important levels to watch are 1395 for daily SPX:
George Krum is the author of the "CIT Dates" blog and several
books available on Amazon.
Gann
9 - the only financial app that allows users to effortlessly apply
the legendary W.D. Gann's tools and methods (including the Square of 9).
OddsTrader - the
only financial app that combines the power of Hurst Channels
with proper risk and position size management, can be obtained from the Apple
store. The Android version can be found here.
OT
Trend - the second addition to the OddsTrader
app family, allows you to quantify and forecast the seemingly random
ebb and flow of stock, index or mutual fund movement.
OT
Fibonacci - automates the process of applying
Fibonacci numbers, ratios and time series to any security.
OT
Seasonal - allows you to perform seasonal analysis on practically
any security from around the world, anytime, anywhere.
Circle Us