US Equity Market Overview

Here's a quick look at a few of the major US large cap indices. Live, annotated versions of all of these charts are available via the Live Charts page. The $NDX (Nasdaq 100) will likely fall more than the $SPX in the coming weeks months and still has plenty of downside to my current final price target (T3). At this time, T2 is my preferred price target. $NDX daily Aug 20th close   Although the $SPX (S&P 500) closed below the solid blue uptrend line, it also closed right on the bottom of the 2015 sideways trading range, i.e.- [...]

2017-03-08T21:20:20+00:00Aug 21, 2015 9:33am|Categories: Equity Market Analysis|Tags: , , , , |Comments Off on US Equity Market Overview

US Equity Markets Overview

Here's a look at most of the major broad US equity indices from both a daily & weekly (long-term) perspective. As noted on several of the weekly charts below, we need to see at least one solid weekly close below these bull market uptrend lines preferably all major US indices in order to help reduce the odds of a whipsaw sell signal. Essentially we have bearish price action, via numerous daily & weekly trendline breaks on nearly all major US indices, in addition sell signals from the recently highlighted trend indicators such as the 50/20-day ema pair bearish crossovers on all [...]

2017-03-08T21:20:24+00:00Jul 9, 2015 12:32pm|Categories: Equity Market Analysis|Tags: , , , , , , , , , , , , |Comments Off on US Equity Markets Overview