S&P 500 Analysis

6 April 2021 6 March 2021 27 Feb 2021 25 Jan 2021 S&P 500 Analysis. As on Tues 6 April 2021. CMP 4078. From previous post of 6 March when price was 3841 our post said “The recent correction is likely complete at 3723 (which is near 4th wave of lower degree).” Since then price […]

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S&P 500 Analysis

6 March 2021 27 Feb 2021 25 Jan 2021 S&P 500 Analysis. As on Saturday 6 March 2021. CMP 3841. Bottom line : The recent correction is likely complete at 3723 (which is near 4th wave of lower degree). In fact, from our post of 27 Feb we said “This current correction is likely to […]

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S&P 500 Analysis

27 Feb 2021 25 Jan 2021 S&P 500. As on Saturday 27 Feb 2021. CMP 3811.  Posted at 1:20 pm. Bottom line : S&P is at an important long term resistance trendline, but the short term could still see upside to the 4100 level. 6 month chart : To understand price level, we take a […]

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S&P 500 Analysis

S&P 500 Analysis. As on 25 Jan 2021. CMP 3841 Bottom line : The rally is not complete.  It is premature to call a top.  4,100 is a likely target, at least initially. Ichimoku chart (Daily) : Nothing bearish about this short term chart.  Price is comfortably above all indicators. — 3 Day chart : […]

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Dollar Index Analysis

Dollar Index Analysis. As on 25 Jan 2021. CMP 90 The wave counts are not clear, so we look to simple technical tools for direction. Bottom line :  Since Jan 2020 ( a year ago), the dollar index has weakened from 103 to 90 today.  There is no evidence the trend has turned higher.  We […]

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Dow Jones Industrial Average

7 Jan 2020 31 Dec 2020 23 Dec 2020 15 Dec 2020 7 Dec 2020 2 Dec 2020 Dow Jones Industrial Average. As on 7 Jan 2020. CMP 30,829 With price reaching 31,000, the bullish count has gained in ascendancy over the last month.  The bearish count has been ruled out.  As our primary count […]

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Rubber Meets the Road

7 Dec 2020 2 Dec 2020 25 Nov 2020 19 Nov 2020 10 Nov 2020 5 Nov 2020 31 Oct 2020 27 Oct 2020 20 Oct 2020 16 Oct 2020 13 Oct 2020 7 Oct 2020 5 Oct 2020 30 Sep 2020 23 Sep 2020 18 Sep 2020 Rubber Meets Road.  Dow Jones Industrial Average. […]

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