Quick Overview of SPX, IXIC, Russell 2000, Short & Mid-term Trend

My Points: In the short term,The Major indexes' DMA are getting cohesive, especially the 2H-MA shows the Long power is greater than the short party. According to the technical analysis, after CPI and FED results, the market may face a strong breakthrough (80% an upward direction).

$E-mini S&P 500 - main 2303(ESmain)$ ,$NASDAQ(.IXIC)$ ,$S&P 500(.SPX)$ ,$DJIA(.DJI)$ ,$E-mini Russell 2000 - main 2303(RTYmain)$ .

The point is my personal views, not as direct investment transactions, welcome check and communication.

I use the following methods in combination to judge short-term trading opportunities:

1. Forward looking S&P 500 futures index: $FUT: E-mini S&P 500 - main 2303 (ESmain) $. Since the futures index precedes the opening of the U.S. stock market, 2h or 4hr charts are very good indicators for judging the short-term market by momentum and trend, which the trend has a certain forward-looking effect on the U.S. stock market.

2. The change of MACD's red column (Long party kinetic energy) and green column (Short kinetic energy), see the following charts. I observe the kinetic energy of both sides to judge whether the market‘s trend will continue or ushers in opposite direction. How use it in detail：

• When MACD moving above 0, shows the red column,which indicates the market may keep rising, once the red column starts to decline. Needs to consider sell at high prices or configuring short positions to hedge.
• When MACD moving below 0, the green column stage indicates that the short force wins, which is not suitable for long stocks, but for short. When the green column also starts to shorten, it means that the sell force getting exhausted and can start to long stocks.

3. Observe the pressure &support level of the MA price. If you look at the daily candle/2h /4hr /weekly line chart , you can see some pressure or support from the average price line. If there is a pressure resistance above, you should avoid it（sell） in advance, and if there is a support level, you can hold shares.

4. Consider Impact of economic data: US stocks often have economic data to release. It is suggested to trade after the release of economic data and according to the stock market response to decide continue to hold or sell, plus combine with the above technical reference.

Based on the combination of the above four factors, I would like show Tigers several major indexes mentioned at the beginning of the article, and my comprehensive view is just like the beginning of the article. At present, 80% of the probability remains long, and the future market may be more positive.

$E-mini S&P 500 - main 2303(ESmain)$ ‘s 4h chart shows that MACD red column long position power lasts, and Price MA of multiple time periods shows upward development.

$S&P 500(.SPX)$ on Monday is below its 200 DMA, but the price average line is getting bonding. The MACD green column shows  short parties have less energy. Technically, or the long position dominates the trend. 

$DJIA(.DJI)$ is already above 200DMA, the strong of 30 companies will become more stronger;

$NASDAQ(.IXIC)$ 'MA is also getting bonded, meanwhile the Bollinger line is narrowed, the index may be triggered after making a direction choice in the short-term future. Semiconductor are good area.$E-mini Russell 2000 - main 2303(RTYmain)$ also maintains upward momentum under the kinetic energy of Long parties.

The Nov CPI data has just been released, which is really exciting. The pre-market trading has risen sharply. I believe that the market will be more optimistic after the data today and FED’s results tomorrow. It will be a new start. The 2h trend of$SPY(SPY)$ is going better also. Currently It is suggested that 80% of the positions should be long, and 20% for hedge.

Any other stocks you are interested can use the above methods to check the following trend.

Hope it can help you.