Daily S&P 500 INDEX TRACKER

[winner69]

Closing in on all time high

No worries


(Weird how the world seems to believe all the media hype Bout the world ending)

[peat]

Currently (using the monthly candles) we await a bullish outcome in November based on a potential rising three methods.

Attachment 8374
We had the breakout above the previous high during the month of July. We still await the fourth candle (long and green hopefully) to satisfy the requirement of the candle pattern. Current red candles are price coming back to find support at the high of 2015.

Attachment 8373

lookin like the three methods is playing out correctly with the DOw fully engulfed
DOWMONTHLY.JPG

the SP still fullfilling the requirements

SP500Monthly.JPG

but there is still the best part of three weeks to go for the full monthly candle to complete.

[Valuegrowth]

Still I am not bearish on S&P 500 like others. It may have some volatility but as I said, it has more legs.

[winner69]

S&P500 through 2200

A bit of a struggle of late but next stop 2300

No worries

[winner69]

S&P500 through 2200

A bit of a struggle of late but next stop 2300

No worries

Couple weeks later - chugging ahead nicely to 2300

Closing in on 2250 at mo

No worries

[Valuegrowth]

Closed above 2250.

[winner69]

Closed above 2250.

Through 2300 now

Imore to come

No worries

[blackcap]

Through 2300 now

Imore to come

No worries

You got it winner... just going to keep going up and up..

[winner69]

You got it winner... just going to keep going up and up..

esp with so many bulls around - highest level for zonks

[Hoop]

Winner...I've used your posted chart and overlayed it onto the S&P500 chart below...The black line is the S&P index, the red line is MA200 and the primary trend line (broke 2 years ago) is blue....
The result wasn't exactly what I expected...I assumed the extreme positive sentiment to be the signal for a major bull market correction or cyclic reversal , however that didn't happen after the June 2014 sentiment peak...There is an eyeball correlation but the degree of the falls can not be predicted..eg comparing the degree of the two sentiment values with the degree of the two falls in the index) that of Oct 07 peak to Oct 08 trough and Jun 14 and Sept15/Feb16

Another interesting fact is with all the sentiment volatility in the last couple of years the index has moved only about +/- 10%..in other words, investing in the index those last couple of year would have resulted in uncertain mental stress and bugger all $$$ to show for it..