Tuesday, September 1, 2015

Updates on the S&P 500 (SPX) four hour, daily, and monthly charts.


S&P 500 (SPX) SHORT TERM OUTLOOK: BEARISH

Switch to bullish if SPX closes below 1984.87 mid-session or 1988.20 at the close.

Screen Shot 2015-08-31 at 7.24.20 PMWith the SPX roughly in the middle of the range, both upside and downside possibilities are viable.


S&P 500 (SPX) SHORT/INTERMEDIATE TERM OUTLOOK: NEUTRAL

Bearish if SPX closes below 1940.51. 

Screen Shot 2015-08-31 at 7.47.00 PMJust following the price flips for the meantime.


S&P 500 (SPX) INTERMEDIATE/LONG TERM OUTLOOK: BEARISH

Neutral if SPX closes above 2077.57 on Friday, September 4, 2015.


S&P 500 (SPX) LONG TERM OUTLOOK: NEUTRAL

Bullish if SPX closes above 2107.39 or bearish if SPX closes below 1972.18 on Wednesday, September 30, 2015.

Screen Shot 2015-08-31 at 7.43.42 PMAfter scoring the first bearish price flip in three years on the June candle bar, the ending August candle barely broke underneath the rising 21 month moving average. Despite my bias that the market will just tread water for the reminder of the year, I will respect both the bear and bull case.


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