Technical Analysis for .SPX

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

$S&P 500(.SPX)$ thoughts & lesson: More stocks made new lows today versus new highs. Breadth stand-alone is a weak measure of market direction— however, when you pair that with key moving averages the data becomes a magnitude more useful.

I know that at a point with negative breadth and the index closing below 5300 it becomes a scenario that heavily points towards a risk off environment.

Then there is the backdrop that little good will come to equities following rate cuts— there is a good quote about history rhyming out there…. somehow I don’t feel this is a consensus thought.

Being bullish into rate cuts I think will be like swimming against the current / overstaying your welcome type of moment.

What changes my mind? Small cap participation with $ARK Innovation ETF(ARKK)$ above 52 and $iShares Russell 2000 ETF(IWM)$ 212. This for me puts bears into hibernation.

Follow me to learn more about analysis!!

https://x.com/tomthetrader1/status/1800384069089513637

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.

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Breadth stand-alone is a weak measure of market direction— however, when you pair that with key moving averages the data becomes a magnitude more useful. </p><p>I know that at a point with negative breadth and the index closing below 5300 it becomes a scenario that heavily points towards a risk off environment. </p><p>Then there is the backdrop that little good will come to equities following rate cuts— there is a good quote about history rhyming out there…. somehow I don’t feel this is a consensus thought. </p><p>Being bullish into rate cuts I think will be like swimming against the current / overstaying your welcome type of moment. </p><p>What changes my mind? Small cap participation with  <a data-mention-id=\"ARKK\" class=\"teditor-mention\" data-mention-name=\"ARK Innovation ETF\" href=\"https://ttm.financial/S/ARKK\">$ARK Innovation ETF(ARKK)$</a>  above 52 and <a data-mention-id=\"IWM\" class=\"teditor-mention\" data-mention-name=\"iShares Russell 2000 ETF\" href=\"https://ttm.financial/S/IWM\">$iShares Russell 2000 ETF(IWM)$</a> 212. This for me puts bears into hibernation.</p><p></p><p><em>Follow me to learn more about analysis!!</em></p><p>https://x.com/tomthetrader1/status/1800384069089513637</p></body></html>","htmlText":"<html><head></head><body><p>Hello everyone！Today i want to share some technical analysis with you!</p><p></p><p> <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 &amp; lesson: More stocks made new lows today versus new highs. Breadth stand-alone is a weak measure of market direction— however, when you pair that with key moving averages the data becomes a magnitude more useful. </p><p>I know that at a point with negative breadth and the index closing below 5300 it becomes a scenario that heavily points towards a risk off environment. </p><p>Then there is the backdrop that little good will come to equities following rate cuts— there is a good quote about history rhyming out there…. somehow I don’t feel this is a consensus thought. </p><p>Being bullish into rate cuts I think will be like swimming against the current / overstaying your welcome type of moment. </p><p>What changes my mind? Small cap participation with  <a data-mention-id=\"ARKK\" class=\"teditor-mention\" data-mention-name=\"ARK Innovation ETF\" href=\"https://ttm.financial/S/ARKK\">$ARK Innovation ETF(ARKK)$</a>  above 52 and <a data-mention-id=\"IWM\" class=\"teditor-mention\" data-mention-name=\"iShares Russell 2000 ETF\" href=\"https://ttm.financial/S/IWM\">$iShares Russell 2000 ETF(IWM)$</a> 212. This for me puts bears into hibernation.</p><p></p><p><em>Follow me to learn more about analysis!!</em></p><p>https://x.com/tomthetrader1/status/1800384069089513637</p></body></html>","text":"Hello everyone！Today i want to share some technical analysis with you! $S&P 500(.SPX)$ thoughts & lesson: More stocks made new lows today versus new highs. Breadth stand-alone is a weak measure of market direction— however, when you pair that with key moving averages the data becomes a magnitude more useful. I know that at a point with negative breadth and the index closing below 5300 it becomes a scenario that heavily points towards a risk off environment. Then there is the backdrop that little good will come to equities following rate cuts— there is a good quote about history rhyming out there…. somehow I don’t feel this is a consensus thought. Being bullish into rate cuts I think will be like swimming against the current / overstaying your welcome type of moment. What changes my mind? Small cap participation with $ARK Innovation ETF(ARKK)$ above 52 and $iShares Russell 2000 ETF(IWM)$ 212. This for me puts bears into hibernation. 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