Is S&P 500 Getting Ready to Skyrocket or Collapse?

Posted on by The INO.com Team

There's no doubt about it, for the past four weeks the S&P 500 index has been trapped in a trading range.

In my new video I show you a key level to watch this week. If this level
is broken, it will be a game changer for this index.

As always our videos are free to view and there is no registration
requirement.

Enjoy the video and let us know what you think on our blog.

All the best,

Adam Hewison
President, INO.com
Co-creator, MarketClub

12 thoughts on “Is S&P 500 Getting Ready to Skyrocket or Collapse?”

  1. Shawn,

    Thanks for your feedback.

    Yes, you're right the market is defying gravity. However the trend remains positive for this index. We are now officially in the silly season as I like to call it with the markets becoming thin and somewhat choppy.

    Most traders are calling it a year and taking off until probably mid January when the markets become more active.

    I'm going to try to knock out a video tomorrow on several markets so stay tuned.

    All the best,
    Adam

  2. Well Adam, the market looks to be defying gravity again and timelines. With the S&P breaking above 1,111 and staying there pretty consistently all day for the first time in this sideways move. (a new level of support) Do you see the market now going higher or should we hold off thinking of entering until it clears 1130 or do you continue to see it breaking down? Appreciate your feedback.

  3. Adam:

    Would Friday's close on the S&P be considered a dragonfly doji candlestick? If so how would you interpret?

    Thanks,
    Kevin

    1. Kevin,

      Today's new high close in the S&P 500 index underscores that the bulls are still in control of this market.

      We are yet to see any of our Trade Triangle technology take a short view on this market. I would wait until we do see a signal to act on the short side.

      All the best,
      Adam

  4. Hi Adam, watching you make extensive use of the pen feature in the software makes me wish that subscribers also had it in our version of the software. It would be very useful for marking up individual charts for future reference, much like the trendlines and fibo lines that remain individually for each instrument. Cheers

    1. Hey Jabalong,

      This is a good suggestion. I will have our Technical Support Rep add this request to his list of possible new features for the next version of our charting platform.

      Thanks for bringing this request to our attention.

      Best,

      Lindsay Thompson
      Director of New Business Development
      INO.com & MarketClub

  6. Good review.

    Could you comment or do another follow-up video of the SPX price behavior relative to
    - Oil (it has tanked)
    - US$
    - Bonds
    - VIX
    - XLB
    - XLF
    - IYT
    - IYR
    please?

    1. Raymond,

      Thank you for your feedback.

      I'll do my very best to get some videos out on the symbols above. I can't promise when they'll be done as I am leaving for New Zealand and Australia at the end of the month. I'll be traveling for approximately 3 weeks.

      All the best,
      Adam

      1. Thank you for the response.

        My question is about any intermarket relationship and reaction that we are witnessing and how that may give a future direction for the equities and commodities.

        1. Raymond,

          Thank you for your question. Intermarket relationships come in and out of style depending on the mood of the market. Sometimes to markets will couple and decouple for no apparent reason whatsoever.

          I hope this addresses your question.

          All the best,
          Adam

      2. Enjoy your observations and agree whole-heartedly concerning the S&P 500. Enjoy your trip to Australia and New Zealand. I guess this will be totally business, but if you want a real outback trip, take the Savannlander out of Cairns Queensland for a few days relaxation. There's lot of minerals still locked up in thos parts. Merry Christmas

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