"No warning can save people determined to grow suddently rich" - Lord Overstone

  • 28 mins Tech Giants Rally Ahead Of Earnings Reports
  • 16 hours Global Debt Hits 225% Of GDP
  • 17 hours The World’s First Trillionaire Will Be A Space Miner
  • 18 hours How Student Debt Could Cause The Next Real Estate Crisis
  • 19 hours This $550 Billion Industry Is Betting On Bitcoin
  • 20 hours One Commodity Set To Soar On Russian Sanctions
  • 22 hours China’s New Car-Market Rules
  • 1 day Oligarch Risk: The New Red Flag For Investors
  • 2 days Five Things To Consider Before Investing In An IPO
  • 2 days Investors Bullish As Earnings Season Kicks Off
  • 2 days Nearly One-Third Of U.S. Lottery Winners Declare Bankruptcy
  • 2 days Is Facebook Still A Buy?
  • 2 days Will Blockchain Stocks Ever Bounce Back?
  • 2 days Geopolitical Tensions Fail To Boost Gold Prices
  • 2 days China's Economy Soars Despite Trade War Fears
  • 2 days The Biggest Threat To The Economy
  • 3 days What Does A Billionaire's Bucket List Look Like?
  • 3 days Is The Global Economy Growing Or Slowing?
  • 3 days A Sanctions War Could Cripple U.S. Corporations
  • 3 days British Pound Soars To Highest Level Since Brexit
Tech Giants Rally Ahead Of Earnings Reports

Tech Giants Rally Ahead Of Earnings Reports

Earning season has just begun,…

Oligarch Risk: The New Red Flag For Investors

Oligarch Risk: The New Red Flag For Investors

Investors are scrambling to diversify…

The State of the Trend

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.

 

Back to homepage

Leave a comment

Leave a comment