S&P 500 Ekes Out Gain

The S&P 500 was able to eke out a gain for the week. The S&P 500 was flat until Friday when it gapped open higher and basically traded sideways the entire day. Each time the index started to slip, buying pressure came in and halted the index from falling any further down. Now the index is so close to making a new all-time high, which…

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Bulls Continue Advance

The S&P 500 finished another week up. After the week’s price action settled, the S&P 500 was up 2.06%. The week started strong and ended strong. Price gapped higher Monday morning and finished on the high for the week and just about the high for the day on Friday. A gap is when prices open outside of the previous day’s price range. One of…

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Bulls Hold On to Victory

The S&P 500 ended up finishing the week up 1.2%. The beginning of the week started off very slow for the bulls, the bears really made it look like they had a chance to pull the S&P 500 lower, but they could not. Each time the index went down, there were buyers ready to step in and push price higher once again. The index…

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Bears Fail to Capitalize – Bulls Take S&P 500 to Top of Resistance Area

The S&P 500 bulls had another win last week. The bears simply could not capitalize on the previous weeks weakness. Now, here we sit at the top end of resistance from late 2018. The S&P 500 clearly stalled again at the resistance area on Wednesday and Thursday, but on Friday the bulls made an attempt to break through and did so even though they could…

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S&P 500 Starts Down Leg – Will it Continue?

Check out our YouTube Channel / Video For at least right now, resistance was held and the S&P 500 finished down 2.16% for the week. The good thing the bulls have going for them coming into this week is that the bears were not strong enough to close the week on the lows. On Friday morning, the S&P 500 opened down and the bulls…

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S&P 500 Grinds Higher into Resistance

You Tube Channel – Watch Video – The S&P 500 finished the week up .61% after it was all said and done on Friday afternoon. It’s like there is no gravity to the S&P 500 right now. The trading for the past 9 weeks has been pretty darn close to vertical. This type of price action is called a tight bull channel. It’s important because typically…

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Weak Sell Signal Not Enough to Attract Bears

YouTube Video – The S&P 500 had another bullish week. The index advanced by 2.5%. It seems there is not room for any bears. Certainly those that sold last week are feeling a little pressure right now with the index closing on its’ high for the week. Yes, there was a sell signal last week, but the sell trigger did not go off. The bears…

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S&P 500 Weak Sell Signal – But Context Good for Bears

YouTube – Watch! Subscribe! The bulls have their work cut out for them this week. Over the past seven weeks, this is the second weakest close for the week. It was a neutral week, which suggests bulls taking profits, so we don’t know if it will be enough to entice additional selling. This is also a sell signal on the weekly time frame. Price…

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