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,…

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…

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…

Do the CPCE and VIX suggest a top is imminent?

First, lets re-assess how we did with our last call, to see if we went wrong and if so to learn from our mistakes. Two weeks ago we used market breadth patterns to suggest a bottom was close and we would expect a rally. See here. In fact, we predicted back then, based on wave-analyses…