US 500 index

Technical Analysis – US 500 stock index records new all-time highs close to 3,000

Posted on July 4, 2019 at 8:34 am GMT

US 500 index showed a notable advance yesterday, completing a fresh all-time high around 3,000, but it ended the day in red. The advance of the trigger line above the MACD and the bullish momentum in the indicator suggests there is some more room for improvement, while the RSI indicator seems to be flat near the overbought zone, signaling a possible overstretched market. Also, the 50- and 200-day simple moving averages (SMAs) are moving sideways despite the latest upside run. [..]

Technical Analysis – US 500 index may pick up steam above all-time high

Posted on June 26, 2019 at 11:59 am GMT

The US 500 index retreated below the all-time high of 2964 in the previous couple of days, testing the red Tenkan-sen line in the daily timeframe. The 200-simple moving average (SMAs) remains flat, failing to confirm the long-term bullish picture. The MACD is extending is bullish run with weak momentum while the RSI is pointing north in the positive zone. A closing price above the all-time high (2964) could trigger another bullish phase more likely towards the 3000 psychological mark. Should [..]

Technical Analysis – US 500 index buying interest in progress

Posted on June 5, 2019 at 1:14 pm GMT

The US 500 stock index has rebounded somewhat after falling to a three-month low of 2728.50 and the momentum indicators suggest that the market sentiment might get better as the RSI is reversing back to the upside and the MACD also looks to be changing direction, moving down to meet its red signal line in the negative zone. Should bullish dynamics dominate, the market might revisit the lower surface of the Ichimoku cloud and the flat Kijun-sen line currently at 2840. [..]

Technical Analysis – US 500 index looks overstretched after hitting all-time high

Posted on May 9, 2019 at 1:02 pm GMT

The US 30 stock index has declined over the last three consecutive days after it reached another all-time high of 2960.48. Currently, the price is meeting the 2860 support area, which overlaps with the 50-day simple moving average in the daily timeframe, slipping beneath the red Tenkan-sen and the blue Kijun-sen lines. The bearish correction picture in the medium term is further supported by the MACD, which is falling below its red signal line and the stochastic oscillator is moving [..]

Technical Analysis – US 500 index flies near 6-month peak; all-time high is near

Posted on April 19, 2019 at 9:12 am GMT

The US 500 index price skyrocketed to a fresh six-month high of 2918 on Thursday before it pared those gains later in the day. The price is holding above the red Tenkan-sen line as well as above the ‘golden cross’ within the 50- and 200-simple moving averages (SMAs). Technically, the RSI indicator is pointing marginally up near the overbought territory. However, the MACD oscillator is developing with stable momentum over the last sessions, despite the strong upside rally in the [..]

Technical Analysis – US 500 index eases after it hit fresh 6-month high

Posted on April 4, 2019 at 11:56 am GMT

The US 500 stock index is edging slightly lower after finding strong resistance at the fresh six-month high of 2885 that it completed on Wednesday. The price retains bullish action as it holds above the 50- and 200-day simple moving averages (SMAs) which posted a ‘golden cross’ in the preceding sessions. Looking at momentum oscillators in the daily chart though, they suggest negative movements may be on the cards. The RSI is above its neutral 50 line but is pointing down, while the stochastic reversed lower in the overbought zone, posting [..]

Technical Analysis – US 500 index retains positive bias; SMAs are ready for ‘golden cross’

Posted on March 27, 2019 at 12:55 pm GMT

The US 500 stock index eased below the five-month high of 2863 but retains bullish action as it holds above the 50- and 200-day simple moving averages (SMAs) which are ready to post a ‘golden cross’. Looking at momentum oscillators in the daily chart though, they suggest upside movements may be on the cards. The RSI is above its neutral 50 line, while the stochastic reversed higher before touching the oversold zone. In case of further gains, the next resistance would likely be faced around the 2863 [..]

Technical Analysis – US 500 index challenges significant obstacle near 2812; holds above 200-day SMA

Posted on March 4, 2019 at 12:59 pm GMT

The US 500 stock index jumped above the 2812 strong barrier, which had been holding since December 3, pointing for more bullish pressures in the near term. Prices hit an almost five-month high of 2819 earlier today, however, the technical indicators seem to be overbought. The MACD is trying to recover somewhat below trigger line, while the RSI is flattening near 70 level. In case of further gains the next resistance would likely be faced around the 2863 barrier, taken [..]

Technical Analysis – US 500 index jumps towards 2-month high above 200-SMA

Posted on February 14, 2019 at 10:02 am GMT

The US 500 stock index has had a bullish run above the strong obstacle of the 200-day simple moving average (SMA) and the 61.8% Fibonacci retracement level of the downleg from 2940 to 2332, indicating an upward tendency. Prices hit a two-month high of 2762 earlier today and the technical indicators are all pointing to further positive momentum in the short term. The RSI indicator is heading upwards approaching the overbought territory, while the MACD oscillator posted a bullish cross with the [..]

Technical Analysis – US 500 stock index finds resistance at 200-SMA, hovers around 61.8% Fibonacci

Posted on February 11, 2019 at 1:11 pm GMT

US 30 stock index found strong resistance obstacle at the 200-simple moving average (SMA) in the daily timeframe, hovering around the 61.8% Fibonacci retracement level of the downleg from 2,940 to 2,332, near 2,708. The short-term technical indicators support this notion as the RSI is marginally pointing upwards in the positive area, while the MACD lies near the trigger and zero lines. A fresh wave of advances may stall initially near the 200-SMA, but a successful jump above this key level would increase chances for a touch of the [..]

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