S&P Analysis

[Tint]

The S&P confirmed a negative closing on Friday managing however to recover from a low at 1272,70. The weekly closing was instead still well positive, even strong. The indicators of the daily chart are well positive but still close to the overbought area; those of the weekly one are also positive supporting higher levels. The indicators of the s/t charts are instead mixed to negative this morning supporting some consolidation. The correction we had on Friday formed however a new positive reversal suggesting a s/t target at 1303,40.
Possible a test of the resistance line at 1291,60; the holding of this line will cause another drop this time toward 1265!! Only an hourly closing above 1294,70 will resume the move up supporting a firm 1300 overshooting!

 

[Tint]

S&P Analysis 01/17/2012

The S&P is confirming a strong move up that already favoured a 1300 overshooting. We expect a test of the s/t target at 1303,40 with a possible direct overshooting toward the 1315 area, where we expect decent resistance and where we want to go short this contract in case of an overshooting!! The indicators of the daily chart are well positive but starting entering the overbought area. Those of the s/t ones are also positive supporting higher levels. Possible correction should find support at 1297,50 before the s/t support line at 1293,50.
We remain on the sideline.

 

[Tint]

S&P Analysis 01/18/2012

The S&P failed yesterday to confirm our s/t target despite the 1300 overshooting. While above 1286,30 we expect another test on the upside! The indicators of the daily chart are still well positive but close to the overbought area. Those of the s/t ones are negative this morning supporting some consolidation/ correction. Only a break below 1286,30 will however favour lower levels with the 200 hours line at 1284,07 the first attraction. A break below 1286,30 could however also confirm a S_H_S formation!!
We remain on the sideline. Follow read more

 

[Tint]

S&P Analysis 01/19/2012

The S&P confirmed another strong closing last night extending the move up today already toward 1309. We expect a test higher toward 1315 where we want still short this contract!! The indicators of the daily chart are still well positive but already entered the overbought area suggesting a limited upside potential from this levels.
The indicators of the s/t charts are also positive with bearish divergences confirming a positive tone We sell a 1315 overshooting for a correction toward the 200 hours line, now found at 1288,27!! ]

 

[Tint]

S&P Analysis 01/20/2012

The S&P found good resistance above 1311 yesterday where it could form even a small double top in case of an hourly closing below 1306,40. A break will support a correction toward the support line at 1296,30! The indicators of the daily chart are still well positive but already showing overbought situations. Those of the s/t charts are mixed this morning suggesting some consolidation before trying another possible attempt on the upside for a test of the 1315 resistance area.
We tried a small short position this morning just because we may see a confirmation of the double top favouring a test of the 1300 area before higher again.

 

[Tint]

S&P Analysis 01/24/2012

The S&P confirmed yesterday an overshooting of the 1315 level finding good resistance already at 1318. The daily closing was still positive despite the correction. The indicators of the daily chart are still well positive but already showing overbought situations and potential negative reversals. Those of the s/t charts turned below the line supporting further consolidation/ correction. The decline since the top at 1318 found support at the support line, now at 1306,30. In the s/t only an hourly closing below 1305,50 will favour a deeper correction with the 200 hours line at 1297,59 the attraction. We suggest remaining short for now for a possible 1300 undershooting. Follow possible updates.

 

[Tint]

S&P Analysis 01/25/2012

The S&P confirmed last night a nice recover after the test at 1301,70 where it found already good support favouring therefore a positive closing. We expect now a retest of the 1318,00 level with even a possible if not even probable extension toward 1330. The indicators of the daily chart are still well positive but also still showing overbought situations and potential negative reversals. Those of the s/t charts are also positive this morning supporting higher levels. The move up from 1301,70 confirmed a positive reversal in the hourly chart suggesting a new s/t target at 1326,70! We remain on the sideline waiting for a buying opportunity.

 

[Tint]

S&P Analysis 01/27/2012

The S&P confirmed our s/t target at 1326,70 with even an extension toward 1329,50 before plunging again lower forming a negative day reversal. However only a daily closing tonight below 1309,50 will confirm a s/t top favouring a deeper correction. The indicators of the daily chart are still well positive but also still showing overbought conditions and a potential negative reversal situation that should limit the upside for now. Those of the s/t charts turned already negative supporting some consolidation/ correction. Possible therefore an extension of the decline toward the 200 hours line at 1306,78 if not even a little lower. The present decline is corrective and should be followed by a new attempt on the upside. We wait for lower levels to go long

 

[Tint]

S&P Analysis 01/30/2012

The S&P confirmed on Friday a negative closing but it failed to fully confirm the negative day reversal. The indicators of the daily chart are still well positive but also still showing overbought conditions and a potential negative reversal situation that should limit the upside for now. Those of the s/t charts turned all negative already showing oversold conditions in the hourly one. Nevertheless we favour an undershooting of the 1300 level before resuming the move up. s/t rebounds should find resistance at the 200 hours line at 1309,00. We wait for lower levels to go long

 

[Tint]

S&P Analysis 02/03/2012

The S&P found yesterday good s/t support above 1317 remaining however interior the range of the previous day forming therefore a new inside day with 1328,00 – 1302,80 the levels to follow. A break above 1328,00 will probably suggest also a break of the key level 1329,50; however only a daily closing will support higher levels. The indicators of the daily chart are still well positive but also still showing overbought conditions and potential negative reversals suggesting a limited upside potential. Those of the s/t charts are positive supporting further strength. We do still see the chance for a firm test of the 1329,50 key level followed by an overshooting toward a s/t target 1336,10, especially now that the hourly indicators are starting to form bearish divergences!! While below 1329,50 the risk is for a sensible correction but only an hourly closing below 1317,30 will confirm a decline!!

 

[Tint]

S&P Analysis 02/06/2012

The S&P confirmed a strong closing well above the top of the previous session but also well above the key level at 1329,50. The move up already confirmed our target at 1336,10 with more strength possible in the coming hours. The indicators of the daily chart are still well positive but also still showing overbought conditions and potential negative reversals suggesting a limited upside potential. Those of the s/t charts are mixed at the moment suggesting some consolidation. We wait for a possible retest of Friday’s top to go short!!

 

[Tint]

Analysis 02/07/2012

The S&P is forming a double top formation but only a break below 1332,20 confirmed by an hourly closing will confirm the pattern favouring a deeper correction. Overall it confirmed a session of consolidation forming a new inside day with 1343,00 – 1319,30 the levels to follow. A daily closing above 1343 will favour an overshooting toward the s/t target. The indicators of the daily chart are still well positive but also still showing overbought conditions and potential negative reversals suggesting a limited upside potential. Those of the s/t charts are mixed but in the hourly chart we have already potential positive reversals after having formed bearish divergences. We sold the 1342,00 overshooting as suggested and stay short ready to increase the position for a drp toward the 2090 hours line, now found at 1320,51!!

 

[Tint]

Analysis 02/10/2012

The S&P failed to confirm a break above 1351,60 but it is Stillwell bid for now. The indicators of the daily chart are still well positive but also still showing overbought conditions. The indicators of the s/t charts are instead below the line suggesting further consolidation/ correction. Possible therefore an extension of the present correction toward the 200 hours line at 1331,60 where we find also a s/t support line. The decline is corrective and a buying opportunity. We close our shorts already in case of a 1334,00 undershooting. We may consider going long in case of a 1330 undershooting!

 

[Tint]

Analysis 02/13/2012

The S&P confirmed a weak closing on Friday, below the low of the previous session, but it failed to manage a 1330 undershooting!! Only a daily closing tonight below 1333,50 will support lower levels!! The indicators of the daily chart are still well positive but also still showing overbought conditions. The indicators of the s/t charts are mixed. Since the low at 1333,50 we have however a positive reversal suggesting a new potential s/t target at 1370,80. While below 1352,30 on an hourly closing we favour another drop at least toward 1340. We managed to close our shorts on Friday but missed to go long. We wait for another opportunity!!

 

[Tint]

Analysis 02/15/2012

The S&P confirmed a nice overshooting today supported especially by the strong move up in Apple. Only a daily closing above 1352,30 will support higher levels suggesting an extension toward the 1370 area where we have now the s/t target! The indicators of the daily chart are still well positive but also still showing overbought conditions. The indicators of the s/t charts are instead still mixed but of course showing a bullish bias. Only a move below 1347,50 will postpone further strength favouring a drop toward the 200 hours line area at 1344/42. We wait for a possible overshooting toward 1370 to sell or a decent correction to buy but only close to the 200 hours line!!

 

[Tint]

Analysis 02/17/2012

The S&P failed to confirm lower levels finding instead great support already at 1334. The move up failed to confirm the negative day reversal forming instead a positive tone. A break above 1358,10 will support further strength. The indicators of the daily chart are still well positive; the move up confirmed further bearish divergences confirming the positive tone. The indicators of the s/t charts are positive today supporting further strength. In the s/t a move below 1353,00 will however favour a correction with the 200 hours line at 1345,45 the attraction. Only a return below 1334 will instead confirm a larger correction!! We sold as suggested the rebound at 1346,30; we did not expect a directly return above 1350. We avoid a stop for now waiting for higher levels to increase the position!!

 

[Tint]

Analysis 02/19/2012

The S&P failed also on Friday to confirm a correction closing instead above the top of the previous session and even above the s/t key level at 1358,10 suggesting higher levels toward 1370!! The indicators of the daily chart are still well positive as well as those of the weekly one supporting higher levels. The indicators of the s/t charts are also well positive supporting further strength. In the s/t only a move below 1355,00 confirmed by an hourly closing will postpone the move up favouring a correction with the 200 hours line at 1346,46 the possible attraction. We wait for a possible direct 1370 overshooting to sell more.

 

[Tint]

Analysis 02/22/2012

The S&P confirmed a positive closing also yesterday, however well off the high of the daily. While above 1355 we expect therefore further upside potential toward the target at 1370,80, now again the s/t target. The indicators of the daily chart are still well positive supporting higher levels. Bearish divergences confirm the positive tone. The indicators of the s/t charts are mixed at the moment supporting some consolidation. Only an hourly closing below 1356,00 will however postpone further strength favouring a deeper correction with the 200 hours line at 1351,63 the attraction. We stay on the sideline for now still keeping the short position that we want to increase above 1370!!

 

[Tint]

Re: Analysis 02/22/2012

The S&P confirmed a weak closing below the low of the previous session suggesting further possible pressure toward the support line at 1346,20!! The indicators of the daily chart are still well positive and the closing was still above the previous RSI top supporting further strength. The indicators of the s/t charts are instead below the line for now but those of the hourly chart are already showing potential positive reversals. Only an hourly closing above 1360,50 will however support a resumption of the move up!! We stay on the sideline but closed for now the short at 1356,50 waiting for higher levels to sell again!!

 

[Tint]

Analysis 02/24/2012

The S&P confirmed a positive day reversal after a test of the 1350 area where it found good support. A daily closing tonight above 1363,50 will support further strength suggesting a 1370 overshooting!! The indicators of the daily chart are still well positive but start to be a little overbought. Those of the s/t ones are also positive supporting further strength. While above 1365,00 we expect the S&P to extend its move up toward our s/t target at 1370,80; a possible daily closing above this last level could open the way for a possible direct extension toward 1400, breaking therefore above the tops of the last few years!! We stay on the sideline for now but still expect higher levels