S&P 500 Closes Above 1500 2013 Technical Analysis
S&P 500 Closes Above 1500 2013 Technical Analysis (VIDEO). In this long-term technical analysis training video we'll cover the S&P 500 YTD trends and how to trade support and resistance. The SPX has rallied since the close of 1,426.19 on 12/31/2012 to 1,502.96 on 1/25/2012. The S&P 500 YTD 2013 is up 76.77 points or 5.38%.
The Federal Reserve has been pumping liquidity into the markets and we'll cover the top level resistance as the Fed forces bond owners into equity markets. The bond bubble is huge and they're attempting to creat a global shift in total bond and equity ownership in favor of equities. It's taken over 6 years to get back to the pre-crisis levels on the S&P 500. Every bull market needs to have a pullback for people to buy and we'll provide market commentary on the S&P 500.
It's a stock pickers market and we're telling people to sell into the rallies and buy the dips. We're looking for a pullback as the markets attempt to force the cash off the sidelines. We'll discuss current economic trends and corporate earnings in this stock market education video on the S&P 500 index.
Some technical analysis indicator readings we follow:
Upper Bollinger Band 1,517.9107
Lower Bollinger Band 1,414.7823
100 Day Moving Average 1,432.3586
50 Day Moving Average 1,431.8264
40 Day Moving Average 1,444.1995
20 Day Moving Average 1,466.3465
10 Day Moving Average 1,483.9770
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