{"id":16371,"date":"2018-06-23T07:19:26","date_gmt":"2018-06-23T07:19:26","guid":{"rendered":"http:\/\/thepatientinvestor.com\/?p=16371"},"modified":"2018-06-23T07:19:26","modified_gmt":"2018-06-23T07:19:26","slug":"sp-500-retraces-while-shanghai-shudders","status":"publish","type":"post","link":"https:\/\/thepatientinvestor.com\/index.php\/2018\/06\/23\/sp-500-retraces-while-shanghai-shudders\/","title":{"rendered":"S&P 500 retraces while Shanghai shudders"},"content":{"rendered":"

The S&P 500 retreated from resistance at 2800. Retracement is modest and I expect support above the rising trendline (2700). Volatility (Twiggs 21-Day) is below 1.0%, indicating that market risk has returned to normal levels.<\/p>\n

\"S&P<\/p>\n

The tech-heavy Nasdaq 100 is in a stronger position, making a new high at 7300, but is now likely to retrace to test the new support level at 7000. I am wary of Twiggs Money Flow as a lower peak would signal bearish divergence. A lot will depend on how buyers react at the new support level. <\/p>\n

\"Nasdaq<\/p>\n

China’s Shanghai Composite Index, on the other hand, broke support at 3000, signaling a primary decline. Initial target is the February 2016 low at 2700.<\/p>\n

\"Shanghai<\/p>\n

Hong Kong’s Hang Seng Index weakened in sympathy. Breach of support at 29000 would signal a primary down-trend.<\/p>\n

\"Hang<\/p>\n","protected":false},"excerpt":{"rendered":"

The S&P 500 retreated from resistance at 2800. Retracement is modest and I expect support above the rising trendline (2700). Volatility (Twiggs 21-Day) is below 1.0%, indicating that market risk has returned to normal levels. The tech-heavy Nasdaq 100 is in a stronger position, making a new high at 7300, but is now likely to … <\/p>\n

Continue reading “S&P 500 retraces while Shanghai shudders”<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[41,57,34],"tags":[1644,2401,3010,3100],"class_list":["post-16371","post","type-post","status-publish","format-standard","hentry","category-china-hk","category-stock-markets","category-us-canada-countries-regions","tag-hang-seng-index","tag-nasdaq-100","tag-sp-500","tag-shanghai-composite-index"],"yoast_head":"\nS&P 500 retraces while Shanghai shudders - the patient investor<\/title>\n<meta name=\"robots\" content=\"noindex, follow\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"S&P 500 retraces while Shanghai shudders - the patient investor\" \/>\n<meta property=\"og:description\" content=\"The S&P 500 retreated from resistance at 2800. Retracement is modest and I expect support above the rising trendline (2700). Volatility (Twiggs 21-Day) is below 1.0%, indicating that market risk has returned to normal levels. 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Small bullish divergence on Twiggs Money Flow looks promising but is secondary in nature and may not alter the larger trend. The Nasdaq\u2026","rel":"","context":"In "Australia & NZ"","block_context":{"text":"Australia & NZ","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/countries-regions\/australia-nz-countries-regions\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":17676,"url":"https:\/\/thepatientinvestor.com\/index.php\/2018\/12\/15\/risk-averse-rather-than-fearful\/","url_meta":{"origin":16371,"position":1},"title":"Risk averse rather than fearful","author":"Colin Twiggs","date":"December 15, 2018","format":false,"excerpt":"The S&P 500 is again testing the band of primary support between 2600 and 2550. Follow-through below this level would warn of a bear market. Volatility (21-day) is in the amber zone between 1% and 2%. A real test of market resilience will be the next sizable rally or advance.\u2026","rel":"","context":"In "China & HK"","block_context":{"text":"China & HK","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/countries-regions\/china-hk\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":13765,"url":"https:\/\/thepatientinvestor.com\/index.php\/2015\/03\/05\/market-strength\/","url_meta":{"origin":16371,"position":2},"title":"Market strength","author":"ColinTwiggs","date":"March 5, 2015","format":false,"excerpt":"Apart from China and India, major markets continue to look bullish. The S&P 500 is retracing to test support at 2080\/2100, but respect is likely and would confirm an advance to 2200*. Oscillation of 13-week Twiggs Money Flow high above zero indicates strong long-term buying pressure. * Target calculation: 2100\u2026","rel":"","context":"In "Market Insights"","block_context":{"text":"Market Insights","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/market-insights\/"},"img":{"alt_text":"S&P 500 Index","src":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2015\/2015-03-05-spx.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2015\/2015-03-05-spx.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2015\/2015-03-05-spx.png?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":16936,"url":"https:\/\/thepatientinvestor.com\/index.php\/2018\/09\/01\/east-to-west-in-three-charts\/","url_meta":{"origin":16371,"position":3},"title":"East to West in three charts","author":"Colin Twiggs","date":"September 1, 2018","format":false,"excerpt":"The S&P 500 is making new highs while a rising Trend Index indicates buying pressure. Target for the advance is 3000. China's Shanghai Composite Index is in a primary down-trend. Trend Index peaks below zero warn of selling pressure. Breach of support at 2700 is likely and would offer a\u2026","rel":"","context":"In "China & HK"","block_context":{"text":"China & HK","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/countries-regions\/china-hk\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":16765,"url":"https:\/\/thepatientinvestor.com\/index.php\/2018\/07\/28\/bears-in-the-east-bulls-in-the-west\/","url_meta":{"origin":16371,"position":4},"title":"Bears in the East, Bulls in the West","author":"Colin Twiggs","date":"July 28, 2018","format":false,"excerpt":"Market fears of a trade war appear to be easing but investors in China and South Korea remain cautious. The Shanghai Composite Index is retracing to test resistance at the former primary support level at 3000. Dow Jones - UBS Commodity Index shows a similar retracement in commodity prices. While\u2026","rel":"","context":"In "China & HK"","block_context":{"text":"China & HK","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/countries-regions\/china-hk\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":13764,"url":"https:\/\/thepatientinvestor.com\/index.php\/2015\/02\/26\/the-rally-continues\/","url_meta":{"origin":16371,"position":5},"title":"The rally continues","author":"ColinTwiggs","date":"February 26, 2015","format":false,"excerpt":"Apart from China and India, last week's broad market rally is going strong, with the S&P 500 and the DAX making new highs. The S&P 500 broke resistance at 2100. Expect retracement to test the new support level, but respect is likely to confirm an advance to 2200*. Rising 13-week\u2026","rel":"","context":"In "Market Insights"","block_context":{"text":"Market Insights","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/market-insights\/"},"img":{"alt_text":"S&P 500 Index","src":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2015\/2015-02-26-spx.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2015\/2015-02-26-spx.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2015\/2015-02-26-spx.png?resize=525%2C300&ssl=1 1.5x"},"classes":[]}],"_links":{"self":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts\/16371","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/comments?post=16371"}],"version-history":[{"count":1,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts\/16371\/revisions"}],"predecessor-version":[{"id":16372,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts\/16371\/revisions\/16372"}],"wp:attachment":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/media?parent=16371"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/categories?post=16371"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/tags?post=16371"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}