Steve Miley is - The Market Chartist

Financial Market Technical Chart Blogs from Steve Miley - The Market Chartist

  • Home
    Home This is where you can find all the blog posts throughout the site.
  • Categories
    Categories Displays a list of categories from this blog.
  • Tags
    Tags Displays a list of tags that have been used in the blog.
  • Bloggers
    Bloggers Search for your favorite blogger from this site.
  • Team Blogs
    Team Blogs Find your favorite team blogs here.
  • Login
    Login Login form

S&P 500 E-Mini Tops for Defensive Range Theme

Posted by on in Equity Index Chart Updates
  • Font size: Larger Smaller
  • Hits: 724
  • 0 Comments
  • Print
S&P 500 E-Mini Tops for Defensive Range Theme

S&P 500 risk skewed to support probes

  • A break below modest support at 1966/64.5 and the firmer impulse level at 1956.25, but the close below the 13-day EMA, which had held on a closing basis through June probes, sees a shift to a range theme into mid-July.

  • We see that range defined by the swing low, 1936.25 and 1978.25 record high.

  • Through midweek, the bias is lower, to supports at the trend line, currently 1952.0, then 1948.0 and 1942.75.

WHAT CHANGES THIS?

  • Downside: Below 1936.25 sees a more bearish shift to target 1929.5 and critical 1917.5 low.

  • Upside: Above 1978.25 aims through a Fibo extension levels at 1983 for another at 1996 just ahead of the psychological/ option barrier at 2000.0.

4 hour S&P 500 E-mini September Future Chart

S&P 50

Daily S&P 500 E-mini September Future Adjusted Continuation Chart

S&P 50

Last modified on
Rate this blog entry:
0

Steve Miley is The Market Chartist and has over two decades of financial market experience with him. He spent 2009-2012 as a Director of the FX Technical Analysis Research Strategy team at Credit Suisse and was previously at Merrill Lynch for 15 years; 10 years as a technical analyst, 5 years in Fixed Income sales.


He was 2013 winner of the Technical Analyst Magazine Award for Best Independent Fixed Income Research & Strategy, Runner Up for the same award in 2014 and was the winner of Best FX Research & Strategy 2012 (at Credit Suisse).


Steve is a Member of the Society of Technical Analysts (MSTA) and holds a Masters Degree in Politics, Philosophy & Economics from Lincoln College, Oxford University.


Steve has covered all major asset classes including Rates & Credit, G10 & EM currencies, Equity Indices & Sectors and Commodities and has strong relationships across the institutional financial trading spectrum, including Central Banks, Real Money accounts, Hedge Funds and other Global Corporates.

Comments

Affiliates

  • affiliatelogos.png

    affiliatelogos.png

    http://www.marketchartist.com/images/ju_cached_images/affiliatelogos_0dd0698129febe7a7f50dd2279878ab6_90x50.resized.png

Clients

  • users1.png
    http://www.marketchartist.com/images/ju_cached_images/users1_00e523e7fd03fae1d0fb6c1d94bca6bd_90x50.resized.png
  • users2.png
    http://www.marketchartist.com/images/ju_cached_images/users2_e7bcf72e027318698507bc6d5c761f46_90x50.resized.png
  • users3.png
    http://www.marketchartist.com/images/ju_cached_images/users3_9afdb4dd4719675b88b5a560258e415d_90x50.resized.png
  • users4.png
    http://www.marketchartist.com/images/ju_cached_images/users4_979d06a8228e7e19e3d1617d94264ddb_90x50.resized.png

IMPORTANT NOTES

Holiday and cessation of service: 7th-23rd August 2017

Hi Market Chartist Users and Trialists, The Market Chartist reports will be paused for just over 2 weeks, whilst we take a vacation.

The last report will be on Friday 4th August, with service resuming on Thursday 24th August.We wish you successful trading in our absence