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.

Follow me to learn more about analysis!!

https://x.com/tomthetrader1/status/1797265671526686927

Macro Trend

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

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

KSR
06-04
KSR
👍

Leave a comment

{"i18n":{"language":"en_US"},"detailType":1,"isChannel":false,"data":{"magic":2,"id":312829048602680,"tweetId":"312829048602680","gmtCreate":1717393014248,"gmtModify":1717464245508,"author":{"id":4159926202661862,"idStr":"4159926202661862","authorId":4159926202661862,"authorIdStr":"4159926202661862","name":"tomthetrader1","avatar":"https://community-static.tradeup.com/news/7e296cba5c129d051f2a4b696084b92c","vip":8,"userType":8,"introduction":"I manage my portfolio primarily through the lens of technical analysis— drawing lines on a chart. \n","boolIsFan":false,"boolIsHead":false,"crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[],"fanSize":165,"starInvestorFlag":false},"themes":[{"themeId":"4143db0c6a084fb6bb4cba1db09bcbb5","categoryId":"7cf744760f454845a1870a05ea4e151d","name":"Macro Trend","type":0,"rnLink":"https://laohu8.com/RN?name=RNTheme&page=/theme/detail&rndata={\"themeId\":4143db0c6a084fb6bb4cba1db09bcbb5}&rnconfig={\"headerBarHidden\": true}","description":"Monetary policy, various types of price indices... Here is everything about the macro economy!","image":"https://static.tigerbbs.com/b92fcdcbb675f48af67c8cfbd53f43a3"}],"images":[{"img":"https://community-static.tradeup.com/news/8059e58b65f269d4bd47ebc6c557633c","width":"916","height":"571"}],"coverImages":[{"img":"https://community-static.tradeup.com/news/8059e58b65f269d4bd47ebc6c557633c","width":"916","height":"571"}],"title":"Technical Analysis for .SPX","html":"<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. 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. 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>","text":"$S&P 500(.SPX)$ 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. Follow me to learn more about analysis!! https://x.com/tomthetrader1/status/1797265671526686927","highlighted":1,"essential":1,"paper":2,"likeSize":68,"commentSize":1,"repostSize":3,"favoriteSize":0,"link":"https://ttm.financial/post/312829048602680","repostId":0,"isVote":1,"tweetType":1,"viewCount":564,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[".SPX"],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":true,"length":760,"xxTargetLangEnum":"ORIG"},"commentList":[{"id":313111315382272,"commentId":"313111315382272","gmtCreate":1717465417874,"gmtModify":1717465421065,"authorId":4121076730674632,"author":{"id":4121076730674632,"idStr":"4121076730674632","authorId":4121076730674632,"name":"KSR","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":2,"crmLevelSwitch":1,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":312829048602680,"objectIdStr":"312829048602680","type":1,"supId":0,"supIdStr":"0","prevId":0,"prevIdStr":"0","content":"👍","text":"👍","html":"👍","likeSize":0,"commentSize":0,"subComments":[],"verified":10,"allocateAmount":0,"commentType":"invalid","coins":0,"score":0}],"isCommentEnd":false,"isTiger":false,"isWeiXinMini":false,"url":"/m/post/312829048602680"}