SP500 - Still bullish above 1821

[Zebulon92600]

Bullish channel on a monthly view (analysis from centralcharts)

 

[themarketblueprint]

agreed ..... with dynamic trend lines

 

[price777999]

Looking bearish on the weekly .

 

[Warren534]

Yes, but heading down to 1500 when 1821 breaks. I expect 1500 to be reached by December 2016.

 

[price777999]

Yes, but heading down to 1500 when 1821 breaks. I expect 1500 to be reached by December 2016.

certainly will be interesting if 1820 breaks .

 

[Alexkit]

The S&P formed on Friday a negative outside day with 2094,00 – 2070,00 the levels to follow in the coming hours. The weekly closing was positive while the monthly one was relatively strong, remaining however still interior Augusts’ inside month.
The indicators of the daily chart are still well positive for now but still showing overbought conditions and potential negative reversals; those of the weekly one moved just above the line but the indicators of the monthly chart remain negative supporting lower levels!!! The indicators of the s/t charts are showing a mixed picture suggesting some consolidation/ correction. While above 2064,50 on an hourly closing still see higher levels and have still a projection suggesting a s/t target at 2126,80. However I prefer following the daily chart and started selling something small at 2076,90 ready to increase the position at higher levels. The possible target? 1832,60!!