Pages

Monday, December 17, 2018

$SPX - Long Term Resistance!

SPX has turned lower off quarterly resistance.  The chart shows a relatively expensive market.  Thus a mild bear market is possibly beginning.  If that is the case, then SPX may lose all gains since 2016 as shown with a measured decline.

SPX has had a great run, but may be ready to retrace some of the gains.

Quarterly


















Posted by at

16 comments:

  1. SCDecember 17, 2018 at 4:16 PM

    Price has been weak and price is king. Important to always respect that.

    ReplyDelete
  2. SCDecember 17, 2018 at 4:18 PM

    I hope we do see a nice decline. VIX hasn't done anything on this move, and so it is early in the process, and plenty of time to position.

    ReplyDelete
  3. SCDecember 17, 2018 at 4:20 PM

    Large number of charts coming with SPX short term, VIX, and UVXY.

    ReplyDelete
  4. SCDecember 17, 2018 at 4:20 PM

    Short term charts will be posted tomorrow before the bell.

    ReplyDelete
  5. JoaoDecember 17, 2018 at 4:49 PM

    Thanks SC for this contribuition. This open my eyes.

    ReplyDelete
    Replies
    1. SCDecember 17, 2018 at 6:05 PM

      You're welcome! The big picture is important to keep in mind.

      Delete
  6. louis lombardiDecember 17, 2018 at 5:59 PM

    wow that really long term though

    ReplyDelete
  7. louis lombardiDecember 17, 2018 at 6:00 PM

    I think we rally hard from here short term

    ReplyDelete
    Replies
    1. FrankDecember 17, 2018 at 9:10 PM

      u still in spxl and short uvxy?

      Delete
    2. louis lombardiDecember 18, 2018 at 4:00 AM

      frank my average in spxl is 37.o4 and uvxy short is 65.94 and some at 70 small position in uvxy of 1000 short thats all they gave me

      Delete
    3. louis lombardiDecember 18, 2018 at 5:48 AM

      sc what are your short term targets 2700 plus

      Delete
    4. SCDecember 18, 2018 at 5:54 AM

      Just posted new chart.

      Delete
    5. FrankDecember 18, 2018 at 5:40 PM

      not sure what to do now

      Delete
  8. beetlejuiceDecember 18, 2018 at 1:13 AM

    Look at volatility today compared to February lows....we are not even close to a low.
    We are however well on the way to another financial crisis. BKR never made new highs with the broader market in September.

    This is a bear market folks and it's here for a long time yet.

    ReplyDelete
  9. beetlejuiceDecember 18, 2018 at 1:18 AM

    How can investors fail to see the two biggest companies in the world by market cap at the peak, AAPL and AMZN have fallen 30 and 27% respectively and lost half a trillion dollars in market cap and not see what that means???

    I am stunned!

    ReplyDelete

Subscribe to: Post Comments (Atom)