Friday, 29 July 2022

Just a bounce

 


 


Summary 

The SPX saw a net July gain of +344pts (9.1%) to 4130. This was a fourth consecutive bearish monthly settlement under the 10MA (4353). Momentum is flat-lining on the extremely low side.
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Thursday, 30 June 2022

Momentum is increasingly negative

 


 


Summary 

The SPX saw a net June decline gain of -346pts (8.4%) to 3785. This was a third consecutive bearish monthly settlement under the 10MA (4371). Momentum is increasingly negative, and should continue to weaken into the summer. 

Primary target is the lower monthly bollinger, currently at 3550, but that will adjust/jump to around 3600 as of July 1st.
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Tuesday, 31 May 2022

Momentum remains negative

 


 


Summary 

The SPX saw a net May gain of +0.2pts (0.01%) to 4132. This was a second consecutive bearish monthly settlement under the 10MA (4445). Momentum is increasingly negative, and should continue to weaken into the summer. 

Primary target is the lower monthly bollinger, currently at 3427, but that will adjust/jump to around 3500 as of June 1st.
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For more of the same...


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