Technical Analysis – US 500 index stumbles, but positive outlook intact for now

Posted on December 4, 2019 at 10:03 am GMT

The US 500 index fell this week, after briefly touching a new all-time high of 3158. The picture is still positive, with the price structure consisting of higher peaks and higher troughs above a long term uptrend line drawn from the December 2018 low, and also safely above both the 50- and 200-day simple moving averages (SMAs). That said, a potential close below 3090 would mark a lower low on the daily chart, bringing the bullish outlook into question. Short [..]


Technical Analysis – US 30 index hits fresh record high, but stalls

Posted on November 27, 2019 at 4:17 pm GMT

The US 30 stock index has repeatedly closed at new record highs in November, with the series of higher peaks and higher troughs on the daily chart confirming the resumption of the longer-term uptrend. The picture is positive across all timeframes –  short, medium, and long-term – though the RSI is indicating that the latest pullback may continue in the immediate term. Having touched its 70 line, the RSI has turned lower, a sign that the bulls may be losing [..]


Technical Analysis – JP225 index bounces off 200-SMA; short-term bias positive but weak

Posted on November 25, 2019 at 11:14 am GMT

Japan’s 225 stock index failed to cross below the 200-period simple moving average (SMA) on Thursday on the four-hour chart and instead rallied back into the 23,000 area and closer to the upper surface of the Ichimoku cloud. The RSI and the MACD also improved but have yet to expand comfortably in the bullish area, suggesting a weak positive bias for the short-term. Buyers will be waiting for a decisive close above the 23,345 area and the surface of the Ichimoku cloud to [..]


Technical Analysis – US500 Index plots new high, flirts with 138.2% Fibonacci extension

Posted on November 18, 2019 at 2:41 pm GMT

US 500 stock index continues to gain ground after the push up on October 3, showing no definitive signs of retreating as it clocks yet another fresh all-time high of 3,128.12. The price has distanced itself above the Ichimoku cloud, as has the Tenkan-sen done above the Kijun-sen line, backing the positive picture. Furthermore, the ADX also implies a strong uptrend is in place. The short-term oscillators reflect some easing in positive momentum and could warrant a nearing pullback. The [..]


Technical Analysis – GER30 index loses steam after fresh 23-month high; uptrend intact

Posted on November 14, 2019 at 12:50 pm GMT

The GER30 stock index paused its rally after registering a fresh-month high of 13,307. The falling RSI, which is trying to exit the overbought area above 70, suggests that the bullish action may be overstretched and it’s time for a downward correction. The easing momentum in the MACD is endorsing the move as well. Yet, in terms of trend, the fact that the price is above its upward-sloping simple moving averages (SMAs) and the Ichimoku cloud hints that the market may likely maintain its upward pattern. The 13,140 [..]


Technical Analysis – US30 stock index remains positive, ascent eases from all-time high

Posted on November 11, 2019 at 4:55 pm GMT

US30 stock index seems to be taking a breather as it corrected lower from the all-time high of 27,773 and looks to be heading towards the 50-period simple moving average (SMA), which is located currently at the recent swing low of 27,406. The short-term oscillators reflect weakening in the positive momentum and even possibly a shift into a sideways market. The MACD remains in the positive zone but has moved below its red trigger line. The RSI has reached its [..]

Technical Analysis – US500 index prints fifth week of gains; bias positive overall

Posted on November 6, 2019 at 8:19 am GMT

The US 500 stock index (cash) is recording its fifth week of gains within an ascending channel. Having reached a fresh record high of 3,087, the market may experience some weakness in the short-term as the price touches the upper Bollinger band and the RSI reverses lower just below its 70 overbought mark. Yet, with the latter holding well above its 50 neutral mark and the market trend showing no signs of reversing as the index keeps printing higher lows and higher [..]


Technical Analysis – GER30 index bullish bias back on track

Posted on November 4, 2019 at 1:36 pm GMT

GER30 stock index bulls pushed above the 12,985 previous high from October 28, realigning the index with the short-term positive picture. Further backing the positive momentum is the fresh bullish crossover of the upward sloping Tenkan-sen and Kijun-sen lines and the price distancing itself above the Ichimoku cloud. The MACD, still in the positive zone, is increasing above its red trigger line, supporting the positive view. The upward sloping RSI has ascended into the overbought territory, also supporting further advances. [..]


Technical Analysis – Is JP 225 index preparing for a trend reversal?

Posted on October 31, 2019 at 12:19 pm GMT

Japan’s 225 stock index seems to be showing signs of a bearish divergence in the four-hour chart as the stock price has been making higher highs while the RSI and the MACD have been printing lower lows since the mid- October, hinting that the market may be preparing for a trend reversal. A confirmation could come around the previous low of 22,480 and the bottom of the Ichimoku cloud, but before that the market should first breach the 22,735-22,600 area. In the event of [..]


Technical Analysis – US 500 index rallies to new record highs

Posted on October 31, 2019 at 12:02 pm GMT

The US 500 stock index (cash) has finally breached its previous all-time high of 3,027 that kept bullish pressure under control over the past 3 months, stretching its December uptrend towards a new top of 3,056. Although the RSI is slowing down, it remains well above its 50 neutral mark, and with the MACD strengthening its positive momentum, it seems that the bulls may not easily give up the game in the short-term. Key resistance to upside corrections could be identified near [..]

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