bull flag 3

Can we get to 2300+ on the S&P500?

 The below is an excerpt of this week’s weekly digest available to premium members only. “The chart in Figure 1 below we shared with our members a while ago and it’s a good chart to start with as the breakout in 2013 of what was in essence a decade long consolidation between SPX800 and 1575…

spx monthly

S&P500 monthly chart: is a rising wedge forming?

The monthly chart of the S&P500 shows price yet again able to close above the 20-month SMA for the 4th month in a row. The Bollinger Bands have kind of lost their “squeeze” set up, suggesting the uptrend will be more of a slow grind on this time frame. In addition, to be devils’ advocate,…

spx time fibs

The Importance of the 2040 level on the S&P500

Why is $2040 so important for the S&P500? When we look at a longer term price chart we see that the index has found support at that level (green horizontal line) numerous times (blue arrows) and each breakdown let to around SPX2020-1990 or much lower. The red horizontal line shows the importance of the SPX1990 level…

spx daily

The BIG move came, is another around the corner?

Two days before the BREXIT slaughter fest we timely showed a big move was coming to the markets, based on the tight Bollinger bands. See here. The market lost  5.7% in a matter of two days. We advised our Intelligent Investing members to be all cash prior to the UK vote and saved them a lot…