Technical Analysis for .SPX

$S&P 500(.SPX)$ thoughts: Three criteria set the stage in my analysis for determining the market environment as risk-on or risk-off.

1. Price relative to the short term trend (20-day exp)

2. Breath, represented by Net New Highs across NYSE & Nasdaq markets

3. Momentum using the Percentage Price Oscillator

When price falls below the short term trend, breadth turns negative, and momentum slows the market conditions quickly shift to risk-ff, making a decline the next most probable market move. The most recent event was on April 10, a quick and moderate 4% decline followed.

At the end of last week, one of three risk off criteria was active. Ending Thursday this was 2/3, however Friday's rally prevented a full set of risk-off signals to trigger. As such, it remains premature to take a bearish stance.

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Macro Trend

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

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KSR
06-04
KSR
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Momentum using the Percentage Price Oscillator When price falls below the short term trend, breadth turns negative, and momentum slows the market conditions quickly shift to risk-ff, making a decline the next most probable market move. The most recent event was on April 10, a quick and moderate 4% decline followed. At the end of last week, one of three risk off criteria was active. Ending Thursday this was 2/3, however Friday's rally prevented a full set of risk-off signals to trigger. As such, it remains premature to take a bearish stance.<img src=\"https://community-static.tradeup.com/news/8059e58b65f269d4bd47ebc6c557633c\" tg-width=\"916\" tg-height=\"571\">Follow me to learn more about analysis!!https://x.com/tomthetrader1/status/1797265671526686927</body></html>","htmlText":"<html><head></head><body> <a data-mention-id=\".SPX\" class=\"teditor-mention\" data-mention-name=\"S&amp;P 500\" href=\"https://ttm.financial/S/.SPX\">$S&amp;P 500(.SPX)$</a> thoughts: Three criteria set the stage in my analysis for determining the market environment as risk-on or risk-off. 1. Price relative to the short term trend (20-day exp) 2. Breath, represented by Net New Highs across NYSE &amp; Nasdaq markets 3. Momentum using the Percentage Price Oscillator When price falls below the short term trend, breadth turns negative, and momentum slows the market conditions quickly shift to risk-ff, making a decline the next most probable market move. 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Momentum using the Percentage Price Oscillator When price falls below the short term trend, breadth turns negative, and momentum slows the market conditions quickly shift to risk-ff, making a decline the next most probable market move. The most recent event was on April 10, a quick and moderate 4% decline followed. At the end of last week, one of three risk off criteria was active. Ending Thursday this was 2/3, however Friday's rally prevented a full set of risk-off signals to trigger. As such, it remains premature to take a bearish stance. 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