{"id":127,"date":"2010-09-24T14:34:09","date_gmt":"2010-09-24T13:34:09","guid":{"rendered":"http:\/\/www.futurestechs.co.uk\/blog\/?p=127"},"modified":"2010-09-24T14:34:09","modified_gmt":"2010-09-24T13:34:09","slug":"sp-500-futures-technical-analysis-topping-out","status":"publish","type":"post","link":"https:\/\/www.futurestechs.co.uk\/news\/2010\/09\/24\/sp-500-futures-technical-analysis-topping-out\/","title":{"rendered":"S&#038;P 500 Futures Technical Analysis &#8211; Topping out?"},"content":{"rendered":"<p>The bears had the better of things yesterday as we sold off from 1134.50 to 1117.50 in European trade. When the day session kicked into life we caught a bid for a while, trading up to 1132.25 before a Shooting Star on many of the shorter term charts (15, 30 and 60 minute) put the kybosh on the bulls fun and gave us a reversal that saw us back 1117.<\/p>\n<p>1117 was a bold support, and is at S2 today as we continue to hold above here. I have now made it my &#8220;trend change&#8221; level and the level that signals a down-leg in the making.<\/p>\n<p>There are other bold supports to see off if\/when 1117 is breached though. 1113.50 is the widely watched (but much maligned by me) 200 day moving average. 1103.50 is the 38.2% Fibonacci retracement of the September rally.<\/p>\n<p>R7\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\t1150.50<br \/>\nR6\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\t1147.50<br \/>\nR5\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\t<strong>1144<\/strong><br \/>\nR4\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\t1140.25<br \/>\nR3\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\t1134.50<br \/>\nR2 \u00a0 \u00a0 \u00a0\u00a0 1132.25<br \/>\nR1\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\t1126.75<\/p>\n<p>S1\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\t1121<br \/>\nS2\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\t<strong>1117<\/strong><br \/>\nS3\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\t<strong>1113.50<\/strong><br \/>\nS4\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\t1109<br \/>\nS5\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\t<strong>1103.50<\/strong><br \/>\nS6\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\t1098.25<br \/>\nS7\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0<strong> 1086.25<\/strong><\/p>\n<p>For our full report, including Automated levels, Chart, and our unique &#8220;SkewBar&#8221;, clearly defining the current trend, please ask for a Free Trial using the buttons above.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The bears had the better of things yesterday as we sold off from 1134.50 to 1117.50 in European trade. When the day session kicked into life we caught a bid for a while, trading up to 1132.25 before a Shooting Star on many of the shorter term charts (15, 30 and 60 minute) put the kybosh on the bulls fun &#8230;<\/p>\n<p><a class=\"btn-primary entries-readmore\" href=\"https:\/\/www.futurestechs.co.uk\/news\/2010\/09\/24\/sp-500-futures-technical-analysis-topping-out\/\" title=\"Read more\">Read more<\/a><\/p>","protected":false},"author":4,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[79,98,112,236,400,404,405,415,674],"class_list":["post-127","post","type-post","status-publish","format-standard","hentry","category-technical-analysis","tag-candlestick-charts","tag-chart-analysis","tag-clive-lambert","tag-futurestechs","tag-sp-500","tag-sp-futures","tag-sp-futures-chart","tag-shooting-star","tag-technical-analysis"],"_links":{"self":[{"href":"https:\/\/www.futurestechs.co.uk\/news\/wp-json\/wp\/v2\/posts\/127","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.futurestechs.co.uk\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.futurestechs.co.uk\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.futurestechs.co.uk\/news\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/www.futurestechs.co.uk\/news\/wp-json\/wp\/v2\/comments?post=127"}],"version-history":[{"count":0,"href":"https:\/\/www.futurestechs.co.uk\/news\/wp-json\/wp\/v2\/posts\/127\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.futurestechs.co.uk\/news\/wp-json\/wp\/v2\/media?parent=127"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.futurestechs.co.uk\/news\/wp-json\/wp\/v2\/categories?post=127"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.futurestechs.co.uk\/news\/wp-json\/wp\/v2\/tags?post=127"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}