SP500 forecast bearish despite positive data
技術分析總結 Standard & Poor’s (500), 股票指數: 賣出
| 指標 | 值 | 信號 |
| RSI | 中和 | |
| MACD | 賣出 | |
| Donchian Channel | 中和 | |
| MA(200) | 買進 | |
| Fractals | 賣出 | |
| Parabolic SAR | 賣出 |
圖表分析
On SP500 technical analysis of the price chart in daily timeframe reveals the SP500,Daily is retreating after hitting all time high over three weeks ago, while still above the 200-day moving average MA(200) which is rising yet. We believe the bearish momentum will continue after the price breaches below the lower boundary of Donchian channel at 3722.7. A level below this can be used as an entry point for placing a pending order to sell. The stop loss can be placed above 3936.8. After placing the order, the stop loss is to be moved every day to the next fractal high, following Parabolic signals. Thus, we are changing the expected profit/loss ratio to the breakeven point. If the price meets the stop loss level (3936.8) without reaching the order (3722.7), we recommend cancelling the order: the market has undergone internal changes which were not taken into account
基本面分析 -
US economic activity continued to rise in February. Will the SP500 retreat reverse?
Recent US economic data were positive. Both manufacturing and services sectors continued to expand in February, the number of Americans who filed for unemployment benefits last week were lower than forecast, while US builders increased construction spending in January. Thus, both the ISM manufacturing and services PMIs remained above 55 for February, with manufacturing PMI rising above 60. Readings above 50.0 indicate industry expansion, below indicate contraction. Initial jobless benefit claims increased by 745,000 instead of forecast of 758,000. And construction spending rose 1.7% over month in January after 1.1% rise in December. Strong economic data are bullish for SP500. However technical setup is bearish for SP500.