The markets continue to recover from the major concern recently over the Japanese carry crade breaking down. What is interesting is that after the index broke under the 5,400 area it quickly moved the same distance again to the downside, as shown by the blue region in the enclosed chart. Somewhat reminiscent of how a […]

The post S&P 500 weekly technical outlook 12th August appeared first on UK Investor Magazine.

We had been worried about a more sizeable downside move in the months ahead but had been forced to stay positive due to the strength of the near term underlying trends. This has now changed. A great deal of technical damage has taken place in the markets in recent days and more looks set to […]

The post S&P 500 weekly technical outlook 5th August appeared first on UK Investor Magazine.

We had been nervous for a few weeks over the possibility of a profit taking snap emerging. So the recent minor sell-off has come as no major surprise. We can see how price action has “only” dropped down to the lower end of the existing bullish trend channels. So little technical damage has been done […]

The post S&P 500 weekly technical outlook 29th July appeared first on UK Investor Magazine.

For the past couple of weeks we have been a little cautious on the markets as price had seemed over stretched on the recent optimism, this bearish skew was strengthened with the Hindenburg Omen being triggered which highlighted how so much of this move was down to just a few names in the index, and […]

The post S&P 500 Technical Outlook 16th July appeared first on UK Investor Magazine.

For the past couple of weeks we have been a little cautious on the markets as price had seemed over stretched on the recent optimism, this bearish skew was strengthened with the Hindenburg Omen being triggered which highlighted how so much of this move was down to just a few names in the index and […]

The post S&P 500 weekly technical outlook 8th July appeared first on UK Investor Magazine.

In our last note we remained cautious as the market looked vulnerable to some profit taking. This has not occurred in any scale, yet. Will this profit taking emerge or can this pace of buying continue? We still stay skewed to the negative view, and can see the market dropping back to the previous upside […]

The post S&P 500 Weekly Outlook 24th June 2024 appeared first on UK Investor Magazine.

In our last note we felt that the minor selling that had materialised could have been the start of another minor leg lower, so this is the first time in the past couple of months that we have got the sentiment wrong. As the index has actually managed to reverse course quite quickly and moved […]

The post S&P 500 weekly outlook 14th June appeared first on UK Investor Magazine.

Last week we felt that the index looked vulnerable to a pullback, some selling has materialised in the past few days largely as expected, however the selling was not enough yet to feel that the sentiment is over. The Dow Jones in comparison has moved back to its recent lows, for the S&P 500 to […]

The post S&P 500 weekly technical outlook 3rd June appeared first on UK Investor Magazine.

Last week we felt that the index looked vulnerable to a pullback, in the end this bout of expected selling only really materialised on Thursday. The concern for the bulls is the strength of the selling on Thursday, posting a sharp bearish “outside day” candle. This does suggest that when sellers emerge they are ready […]

The post S&P 500 Weekly Technical Outlook 28th May appeared first on UK Investor Magazine.

Last week we felt that the index could attempt a move back up to fresh all time highs, so the continued strength in recent days has been as expected. Recent consumer sentiment on the US stock market is at multi year highs and the VIX is at multi year lows, so this must mean everything […]

The post S&P 500 weekly technical analysis outlook 18th May 2024 appeared first on UK Investor Magazine.

Last week we stayed positive overall on the S&P 500 seeing a move back towards the 5200 area as the most likely outlook, so the past few days trading has been largely in line. The issue now is that the RSI has managed to recover to such an extent that it is now back to […]

The post S&P 500 technical outlook 7th May 2024 appeared first on UK Investor Magazine.

Last week, we suggested that the index was more likely to recover towards 5,200 than continue the recent slide, so the minor recovery in the past few days has been largely in line with expectations. There were some minor concerns last week on bad GDP data, and of course we had sizable moves lower from […]

The post S&P 500 weekly technical outlook 30th April 2024 appeared first on UK Investor Magazine.

Last week, we suggested that the index was looking more likely to dip down towards the 5,000 area than to push up to fresh all-time highs, so the minor weakness in recent days has come as no major surprise. We highlighted a couple of weeks ago how major near term trends had already been breached, […]

The post S&P 500 Weekly Technical Review appeared first on UK Investor Magazine.

Last week highlighted the powerful long term trend that the index has been in for the past few months. Pushing up a breathtaking 27% in the latest move. A push this powerful has not been seen since the initial recovery from the pandemic crash. We highlighted last week the strength of the trend was even […]

The post S&P 500 technical analysis review 8th April 2024 appeared first on UK Investor Magazine.

In the first of our weekly reviews, we will take a look at how the S&P 500 sits currently. The chart describes how price action has been in an extremely tight bullish trend since the lows in October last year. Ever since the Fed started to suggest thatthe rate hiking cycle had peaked and that […]

The post S&P 500 technical analysis review 25th March 2024 appeared first on UK Investor Magazine.