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Market Overview

Channel

  • $SPX, Channel, doji, Harami, Index, spinning top

    Way of the SPX 500 - 110909

    Saturday, September 12, 2009 - 10:09am

    The session started with a slight drop of 0.22 points and then proceeded to test the Resistance at 1048.8 . The rise was stopped at 1048.18 and finished the day at 1042.73 . Looking at the Lower Chart one can see that the price action of the Index has been confined to a narrow Ascending Channel...

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  • $SPX, Ascending Channel, Channel, Chart, Index, Indicators

    Where Goes the SPX 500 ?

    Monday, September 7, 2009 - 6:56pm

    There are a multitude views on the subject . Depending on your time frame , the Index will either go Up or Down. In the short term there is , in my opinion, still some upside before we get a modest correction. Chart One : Daily SPX 500 This shows that since early July the price action of the...

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