The State of the Trend

By: George Krum | Mon, May 30, 2016
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In our last article we noted that from a swing trading point of view the SPX is in an uptrend in all three time frames (daily, weekly, and monthly). This remains the case, as the index has gained some 120 points since then:

S&P500 Weekly Chart

Assuming that the lows for the year are in, and based on annual price advance and bottom reversal data, we can map the following price parameters for the SP500 until the end of 2016:

S&P500 Daily Chart
Larger Image

The black horizontal lines correspond to the upside year-end price targets supplied by Oddstrader, as reported OddsTrader's Instablog.

 


 

George Krum

Author: George Krum

George Krum
www.citdates.blogspot.com

George Krum is the author of the "CIT Dates" blog, and the following apps:

OddsTrader - combines the power of Hurst Channels with proper risk and position size management. For a web version see OT Signals below.

Gann 9 - the only financial app that allows users to effortlessly apply the legendary W.D. Gann's tools and methods for trading (including the Square of 9).

OT Trend - helps you 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, and to build long-term forecasts and models.

OT Pairs - pairs trading, one of the most successful hedge fund trading strategies, is now available on your smart phone.

OT Pivots - combines the power of pivot lines with cycles to provide you with concise technical analysis and powerful trading signals.

OT Signals - a web app accessible from any browser, tablet or pc. It gives buy/sell/hold ratings for any instrument from around the world, and defines the trend and support/resistance levels.

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