Did the "Death Cross" die, or is it still live in the S&P 500?

Posted on by The INO.com Team

The sharp upward rally in the S&P 500 surprised many people, myself included. However, the rally did not change the "Death Cross" which we pointed out as being a negative and significant market event that does not occur very often.

This market's rally also did not change our weekly and monthly "Trade Triangles" which are still red and indicating that the trend is headed lower.

In this short two minute video, I show you some other aspects of the S&P 500 that I think you should be watching.

As always our videos are free to watch and there are no registration requirements.

I would love to hear your comments on our blog about this or any of our other market videos.

All the best,
Adam Hewison
President of INO.com
Co-founder of MarketClub

8 thoughts on “Did the "Death Cross" die, or is it still live in the S&P 500?”

  2. Adam,

    With the big drop in the US equities Friday I am thinking the turn-around downwards is just on the doorstep now. Keep up the great work and a great site.

    Cheers

    Ben

  3. Adam,

    Thanks for all you do and all you give. I appreciate and I'm sure your subscribers do too.

    Part of what I do is to listen/subscribe to 140 different 'voices' daily/weekly/monthly, one of which is your own. I have them all rated as to performance and I'm happy to say you're in my best category.

    I'm an Elliott Wave/Robert Prechter practitioner. I believe the market is retracing the 1929-1932 super cycle wave. Thus, I'm short...as in 100% short. I use FAZ and counter trend rallies, FAS EXCLUSIVELY. The strategies I employ have been working extremely well. This week however was definitely challenging. I sold on Monday and reshorted 100% on Wednesday. It was a stroke of luck as it turns out. Luck is for losers ultimately, but I it helps when it happens.

    I'm looking for at least a thousand point drop, perhaps two thousand before the end of August. About 100 or more of the voices I listen to are all calling for a summer rally. Time will tell.

    Thanks again. Your trade triangles technology seems to perform well regarding the S&P. Best of luck to you.

    Gratefully,

    John

    1. John,

      Like many traders, I am fascinated in past market action and price patterns. Your reference to the 1929-1932 time period is one I have studied extensively.

      Thank you for your feedback.

      Adam

  4. Hi Adam, isnt that a head and shoulders pattern also on the SP500? I see early June & Mid July for the shoulders (both 1100) and early July for the head (1120). Doesnt that also suggest a bearish signal if the SP500 falls below about 1050, with an initial target of 980?

    Cheers

    Sean

    1. Sean,

      Thanks for you comments and insights into the markets.

      Next week should provide us with more clues.

      All the best.
      Adam

  5. Nice work, Adam.

    I too was caught by surprise this week with the bounce in the S&P! Yikes!

    Question: What settings are you using for the MACD? Are they are custom setting, or default? My MACD looks somewhat different to what you show on your videos.

    Thanks!

    1. Jason,

      Thank you for your feedback.

      Here are the MACD settings I use:

      Fast Slow Periods 1-26
      Signal Period 9

      All the best,

      Adam

Comments are closed.