Daily S&P 500 INDEX TRACKER

[Hoop]

TW result 2010

Triple Witching Friday..the week after is the week usually enjoyed by Permabears to show off their skills.. and the shorters are in to this opportunity..Its a like the week after Christmas day...

Sadly for them September 2010 TW the week after... bombed out.

[STRAT]

any idea why this didnt translate to the asx today? we seem to have been doing our won thing for a while now

Dont fret it Roy. It will fall in line I reckon

[ananda77]

Trader Update -data point 27 September 2010:

...the SPX 500 trading mixed today and appears to be consolidating below the September 22 High *1149 amidst todays mixed market internals with volumes and breadth leaning towards a bearish bias

...Fed and Foreign liquidity inflows ticked higher into mid-extension territory but institutions are in less accumulation compared to September 20 indicating that programs are responsible for the bulk of the latest advances

...the VIX_RSI currently in for a test of positive divergence support within the next 48 hrs

...the steady tone of todays trading suggests, the index will take the current advance further for a test of overhead resistance levels *1165_*1171_*1175 before exhaustion could set in

...the index remains bullish above trendline support *1123

Kind Regards

[ananda77]

...www.stocktiming.com: -data point 28 September 2009-

...SPX 500 Monthly update

-September 13: chart indicates a market ready to attempt to gain higher ground

-September 27: *1148 indicates a market ready to attempt to test the April High *1219

Trader Update -data point 28 September 2010

...the SPX 500 opening down for a successful test of first line support *1131 amidst todays market internals leaning positively bullish

...as outlined in yesterdays daily update, current market action suggests, the index will take the advance further for a test of overhead resistance showing the following price levels in various time frames

*1155_*1163_*1170_*1181

before risk of a deeper correction once again is on the increase

...currently the index remains bullish above trendline support *1125

...on the flipside, a violation of September 13 congestion *1115 indicates a market ready for a bearish reversal

Kind Regards

[ananda77]

Trader Update -data point 29 September 2010

...while the long term view of the SPX 500 index shows a building positive condition (see yesterdays update),


in the short term the index continues to trade sideways to slightly lower on low volumes but steady liquidity inflows. Institutions continue their low level accumulation

...the SPX 500 currently testing January 2010 Resistance *1152 followed by more overhead resistance *1156

...the index remains bullish above trendline support *1125

...on the flipside, a violation of September 13 congestion *1115 indicates a market ready for a bearish reversal

...on an intermarket note: oil jumped ahead today

Kind Regards

[ananda77]

Trader Update -data point 30 September 2010

...the SPX spiked higher intraday *1157 into weekly overhead resistance *1163 following this mornings economic data but abruptly turned south to a bearish outside day

...statistically, the last day of a month (September 30) provides opportunities for a short play, especially after an intraday High has been posted. One reason could be profit-taking at quarter end but todays price action appears to be a bearish reversal based on a combination of:

-a weekly channel ceiling *1163

-the top of the 120-minute channel *1164 framing the consolidation since July

-the resistance joining the 2007 tops and the 2010 tops

-a negative divergent RSI since start of September

-a positive divergent VIX

-bearish divergences in overbought momentum studies

…since the first day of a new month statistically provides a favorable opportunity for a long play especially after a lower Close (September 30) and the market still trades above the September 28 Low *1132, a sustained violation of *1132 (Close basis) is needed to confirm the bearish bias and expose risk for a minimum drop to the range floor *1060 in the next several weeks

Kind Regards

...something different: the Transformation of former East Germany: http://www.spiegel.de/international/...720326,00.html (36 photos between 1991 and recent)

[ananda77]

...another Close on *1146 so there may be as much bullish as bearish sentiment out there and all it needs is a trigger, like the upcoming earning guidance next week to do the trick either way

...institutional selling still hanging in a downtrend but it is on the verge of a reversal

...the market is at tipping point but a sustained violation of *1132 (Close basis) is needed to confirm the bearish bias and expose risk for a minimum drop to the range floor *1060 in the next several weeks

...in the meantime happy awaiting October, with September profits tightly locked in

Kind Regards

[ananda77]

...www.stocktiming.com: -data point 04 October-

...institutional Core holding testing 3-year overhead resistance

Trader Update -data point 04 October 2010

We're In a Global Currency War ... But What Does It Mean?
- by Washington's Blog – 2010-10-04
http://www.globalresearch.ca/index.p...t=va&aid=21294

-USD a few points above its major key support 76 and the Fed continues to pump liquidity-

...again under renewed pressure to the downside since the start of todays session, the SPX 500 tested the Sep 28 Low *1132 intraday and so far remained in test range
if the market is unable to move away from its intraday Low, further downside includes a test of 3-month trendline support *1127 and the September 23 key support level *1123

...holding *1132 confirms a market ready to challenge the September 30 High *1157 with upside potential extending higher into the *1170 (+) level

...trading below *1132 confirms weakness and exposes risk for the index to break below *1123 on a Close basis with a minimum drop to the range floor *1066 in the next several weeks to follow

Kind Regards

[ananda77]

The Inverted Head & Shoulders on the S&P ...

A Rare, opposing Double Head & Shoulder pattern?

...projection of inverted H&S = SPX 500 *1244

At the same time, the normal orientation H&S pattern:

...right shoulder resistance SPX 500 *1156.40

SPX 500 hit 1156.80 Thursday September 30 and pulled back

Market Minestroni:

Fed pumps liquidity_USD close to support/reversal level_important VIX RSI positive divergence duress condition still unresolved

Kind Regards

[kiora]

Nice rally