Monday, April 16, 2018

SPX - 15 min

Monday is currently setup as a choppy day. Here’s a look into the first hour of trading. The 15 minute SPX chart is currently on an active TD Buy Setup @7. If a TD Buy Setup @ 9 is recorded, the SPX should be below 2645.05. If there is a bullish reversal in the first hour of trading, the SPX would need to rally past the 5 minute TDST resistance at 2663.13. If accomplished, the 2 hour SPX would price flip bullish, and pave the way for additional gains throughout the session. All this needs to completed in the first two hours of trading.

SPX - 2 hour

If the 15 minute SPX unable to record a TD Buy Setup @ 9 and records a price flip instead, the initial rally would be suspect. The 2 hour SPX is nearing a TD Sell Countdown @ 13, and the 4 hour SPX is nearing a TD Sell Setup @ 9 (See SHORT TERM OUTLOOK for chart). This is signaling a possible bull trap and an uncommitted trading session.
The ultimate barometer is still the 200 day Moving Average. Trade through that and the 2499 TD Trend Factor and the weekly 2446.55 TDST Support level are good price target levels.


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

Neutral until further notice

SPX - 4 Hour


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

Neutral until further notice

SPX - Daily


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

Neutral until further notice

SPX - Weekly


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

Neutral until further notice

SPX - Monthly

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