Stock chart patterns and technical analysis (TA) explained simply. Disclaimer: This blog and all its contents are for educational and entertainment purposes only. Do not trade or invest based on any information seen on this blog. Please read Terms of Service. The K E Stone blog sites (Keybot the Quant) are blacklisted by Google, so enjoy the ad-free experience, and only use the Donate button when supporting the sites.
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Monday, February 15, 2016
SPX S&P 500 Daily Chart
The green lines show the falling wedge pattern for price (bullish) and positive divergence with the indicators (bullish). Price launched on Friday receiving the boost from the possie d. Price has violated the bottom standard deviation band so a move back to the middle band at 1884-1885 (also the 20-day MA) is in play. The brown lines show the key S/R at 1942-1943, 1924, 1897, 1884, 1878, 1874, 1872, 1848, 1841, 1808, 1803 and 1800. This information is for educational and entertainment purposes only. Do not invest based on anything you read or view here. Consult your financial advisor before making any investment decision.
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