Technical Analysis on .SPX

MasterWU
2023-08-25

Hello everyone! Today I want to share some technical analysis with you!

$S&P 500(.SPX)$ $NYSE(NYSE)$ NYMO:

(1) multi-day rebound after the -96.65 low last Thursday;

(2) now, a divergence of NYMO with SPX/NYA price would set up a larger rebound--meaning a higher low for NYMO, but a lower low in SPX /NYA in the nest few sessions.

(3) Powell's speech may do the trick. Let's see.

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Panda in Singapore: $Straits Times Index(STI.SI)$

(1) not sure how many of my followers are in Singapore;

(2) not sure how many want to have a face-to-face chat with MPW;

(3) not sure whether next week around Aug. 31-Sept. 1 would be a good time;

(4) not sure whether TEACT model would be a fun topic;

(5) leave a message if interested.

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MA(50)=4460: $S&P 500(.SPX)$

(1) A daily chart with one daily moving average SMA[50];

(2) Since the mid-March rally, SPX never dropped below it; now, it tests this major level from below;

(3) both bears and bulls can't afford to lose this battle. The final result will be in by Friday's close.

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Macro Trend
Monetary policy, various types of price indices... Here is everything about the macro economy!
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