{"id":18569,"date":"2019-07-20T03:03:34","date_gmt":"2019-07-20T03:03:34","guid":{"rendered":"https:\/\/thepatientinvestor.com\/?p=18569"},"modified":"2019-07-20T03:03:34","modified_gmt":"2019-07-20T03:03:34","slug":"sp-500-selling-pressure-2","status":"publish","type":"post","link":"https:\/\/thepatientinvestor.com\/index.php\/2019\/07\/20\/sp-500-selling-pressure-2\/","title":{"rendered":"S&#038;P 500 selling pressure"},"content":{"rendered":"<p>The S&amp;P 500 is retracing to test its new support level at 2950. Bearish divergence on Twiggs Money Flow warns of (secondary) selling pressure. Breach of support would warn of a correction to test primary support at 2750.<\/p>\n<p><img data-recalc-dims=\"1\" decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2018\/2019-07-19-spx.png?w=525&#038;ssl=1\" alt=\"S&amp;P 500\" \/><\/p>\n<p>Sector indexes are approaching a watershed moment, with Autos rallying to test their descending trendline.<\/p>\n<p><img data-recalc-dims=\"1\" decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2018\/2019-07-19-spx-auto.png?w=525&#038;ssl=1\" alt=\"S&amp;P 500 Automobiles\" \/><\/p>\n<p>Retail is also headed for a test of its rising trendline after making a new high.<\/p>\n<p><img data-recalc-dims=\"1\" decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2018\/2019-07-19-spx-retail.png?w=525&#038;ssl=1\" alt=\"S&amp;P 500 Retail\" \/><\/p>\n<p>Even Semiconductors have recovered to test their 2018 high at 1450.<\/p>\n<p><img data-recalc-dims=\"1\" decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2018\/2019-07-19-spx-semis.png?w=525&#038;ssl=1\" alt=\"S&amp;P 500 Semiconductors\" \/><\/p>\n<p>I still believe it&#8217;s a good time to be cautious.<\/p>\n<blockquote class=\"qtn\"><p>&#8220;Be fearful when others are greedy and greedy only when others are fearful.&#8221;<\/p>\n<p>~ Warren Buffett<\/p><\/blockquote>\n","protected":false},"excerpt":{"rendered":"<p>The S&amp;P 500 is retracing to test its new support level at 2950. Bearish divergence on Twiggs Money Flow warns of (secondary) selling pressure. Breach of support would warn of a correction to test primary support at 2750. Sector indexes are approaching a watershed moment, with Autos rallying to test their descending trendline. Retail is &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/thepatientinvestor.com\/index.php\/2019\/07\/20\/sp-500-selling-pressure-2\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;S&#038;P 500 selling pressure&#8221;<\/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":[57,34],"tags":[4075,2940,3010,4076],"class_list":["post-18569","post","type-post","status-publish","format-standard","hentry","category-stock-markets","category-us-canada-countries-regions","tag-automobiles","tag-retail","tag-sp-500","tag-semiconductors"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>S&amp;P 500 selling pressure - 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&amp;P 500 selling pressure - the patient investor\" \/>\n<meta property=\"og:description\" content=\"The S&amp;P 500 is retracing to test its new support level at 2950. Bearish divergence on Twiggs Money Flow warns of (secondary) selling pressure. Breach of support would warn of a correction to test primary support at 2750. Sector indexes are approaching a watershed moment, with Autos rallying to test their descending trendline. Retail is &hellip; Continue reading &quot;S&#038;P 500 selling pressure&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/thepatientinvestor.com\/index.php\/2019\/07\/20\/sp-500-selling-pressure-2\/\" \/>\n<meta property=\"og:site_name\" content=\"the patient investor\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/profile.php?id=61572934660810\" \/>\n<meta property=\"article:author\" content=\"https:\/\/facebook.com\/people\/The-Patient-Investor\/61572934660810\/\" \/>\n<meta property=\"article:published_time\" content=\"2019-07-20T03:03:34+00:00\" \/>\n<meta property=\"og:image\" content=\"http:\/\/static.incrediblecharts.com\/images\/2018\/2019-07-19-spx.png\" \/>\n<meta name=\"author\" content=\"Colin Twiggs\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Colin Twiggs\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/index.php\\\/2019\\\/07\\\/20\\\/sp-500-selling-pressure-2\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/index.php\\\/2019\\\/07\\\/20\\\/sp-500-selling-pressure-2\\\/\"},\"author\":{\"name\":\"Colin Twiggs\",\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/#\\\/schema\\\/person\\\/d42b18d516a80149d739845749ac6454\"},\"headline\":\"S&#038;P 500 selling pressure\",\"datePublished\":\"2019-07-20T03:03:34+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/index.php\\\/2019\\\/07\\\/20\\\/sp-500-selling-pressure-2\\\/\"},\"wordCount\":106,\"publisher\":{\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/#organization\"},\"image\":{\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/index.php\\\/2019\\\/07\\\/20\\\/sp-500-selling-pressure-2\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.incrediblecharts.com\\\/images\\\/2018\\\/2019-07-19-spx.png\",\"keywords\":[\"Automobiles\",\"retail\",\"S&amp;P 500\",\"Semiconductors\"],\"articleSection\":[\"Stock Markets\",\"US &amp; Canada\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/index.php\\\/2019\\\/07\\\/20\\\/sp-500-selling-pressure-2\\\/\",\"url\":\"https:\\\/\\\/thepatientinvestor.com\\\/index.php\\\/2019\\\/07\\\/20\\\/sp-500-selling-pressure-2\\\/\",\"name\":\"S&P 500 selling pressure - the patient investor\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/index.php\\\/2019\\\/07\\\/20\\\/sp-500-selling-pressure-2\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/index.php\\\/2019\\\/07\\\/20\\\/sp-500-selling-pressure-2\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.incrediblecharts.com\\\/images\\\/2018\\\/2019-07-19-spx.png\",\"datePublished\":\"2019-07-20T03:03:34+00:00\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/index.php\\\/2019\\\/07\\\/20\\\/sp-500-selling-pressure-2\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/thepatientinvestor.com\\\/index.php\\\/2019\\\/07\\\/20\\\/sp-500-selling-pressure-2\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/index.php\\\/2019\\\/07\\\/20\\\/sp-500-selling-pressure-2\\\/#primaryimage\",\"url\":\"https:\\\/\\\/www.incrediblecharts.com\\\/images\\\/2018\\\/2019-07-19-spx.png\",\"contentUrl\":\"https:\\\/\\\/www.incrediblecharts.com\\\/images\\\/2018\\\/2019-07-19-spx.png\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/index.php\\\/2019\\\/07\\\/20\\\/sp-500-selling-pressure-2\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/thepatientinvestor.com\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"S&#038;P 500 selling pressure\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/#website\",\"url\":\"https:\\\/\\\/thepatientinvestor.com\\\/\",\"name\":\"The Patient Investor\",\"description\":\"Smart. 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He co-founded Incredible Charts and writes the popular Trading Diary and Patient Investor newsletters. Using a top-down approach, Colin identifies key macro trends in the global economy before evaluating selected opportunities using a combination of fundamental and technical analysis. Focusing on interest rates and financial market liquidity as primary drivers of the economic cycle, he warned of the 2008\\\/2009 and 2020 bear markets well ahead of actual events. 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Growth in weekly hours worked came in at a low 1.09% and GDP is likely to follow. While inflation is not the primary concern at the Fed right now, rising annual hourly wage rate growth (3.46% for\u2026","rel":"","context":"In &quot;Deficit Spending &amp; Employment&quot;","block_context":{"text":"Deficit Spending &amp; Employment","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/economy\/deficit-spending-employment\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":8497,"url":"https:\/\/thepatientinvestor.com\/index.php\/2013\/09\/30\/short-term-support-for-sp-500-but-long-term-bearish\/","url_meta":{"origin":18569,"position":1},"title":"Short-term support for S&#038;P 500 but long-term bearish","author":"ColinTwiggs","date":"September 30, 2013","format":false,"excerpt":"The September quarter-end often heralds a correction as fund managers re-balance their portfolios and shed under-performing stocks. The S&P 500 is testing support at the May high of 1675 on the daily chart. The long tail on Monday's candle indicates short-term buying support, but bearish divergence on 21-day Twiggs Money\u2026","rel":"","context":"In &quot;Stock Markets&quot;","block_context":{"text":"Stock Markets","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/stock-markets\/"},"img":{"alt_text":"S&P 500","src":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2013\/2013-10-01-spx.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2013\/2013-10-01-spx.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2013\/2013-10-01-spx.png?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":13765,"url":"https:\/\/thepatientinvestor.com\/index.php\/2015\/03\/05\/market-strength\/","url_meta":{"origin":18569,"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 &quot;Market Insights&quot;","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":11147,"url":"https:\/\/thepatientinvestor.com\/index.php\/2014\/10\/21\/another-bear-trap\/","url_meta":{"origin":18569,"position":3},"title":"Another bear trap?","author":"ColinTwiggs","date":"October 21, 2014","format":false,"excerpt":"Bellwether transport stock Fedex found support at $154, the long tail and rising 13-week Twiggs Money Flow indicating buying pressure. Expect a test of $165. Reversal below $150 is unlikely, but would warn of a test of primary support at $130. Continuation of the primary up-trend signals improvement for the\u2026","rel":"","context":"In &quot;Stock Markets&quot;","block_context":{"text":"Stock Markets","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/stock-markets\/"},"img":{"alt_text":"Fedex","src":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2014\/2014-10-21-fdx.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2014\/2014-10-21-fdx.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2014\/2014-10-21-fdx.png?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":7856,"url":"https:\/\/thepatientinvestor.com\/index.php\/2013\/06\/03\/bearish-signs-for-stocks\/","url_meta":{"origin":18569,"position":4},"title":"Bearish signs for stocks","author":"ColinTwiggs","date":"June 3, 2013","format":false,"excerpt":"10-Year Treasury yields respected support at 2.05\/2.10% with a key reversal (or outside reversal) on Friday, signaling a primary up-trend and possible test of 4.00% in the next few years. The tall shadow on Friday's candle, however, warns of another test of the new support level before the trend gets\u2026","rel":"","context":"In &quot;China &amp; HK&quot;","block_context":{"text":"China &amp; HK","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/countries-regions\/china-hk\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":14231,"url":"https:\/\/thepatientinvestor.com\/index.php\/2016\/09\/24\/dow-selling-pressure\/","url_meta":{"origin":18569,"position":5},"title":"Dow selling pressure","author":"ColinTwiggs","date":"September 24, 2016","format":false,"excerpt":"The S&P 500 is retracing for a test of short-term support at 2150. Respect of the rising trendline would signal a test of 2200. Breakout above 2200 would complete an inverted scallop (or fish hook) with a target of 2400*. Declining Twiggs Money Flow, however, warns of selling pressure. Breach\u2026","rel":"","context":"In &quot;Stock Markets&quot;","block_context":{"text":"Stock Markets","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/stock-markets\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts\/18569","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=18569"}],"version-history":[{"count":1,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts\/18569\/revisions"}],"predecessor-version":[{"id":18570,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts\/18569\/revisions\/18570"}],"wp:attachment":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/media?parent=18569"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/categories?post=18569"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/tags?post=18569"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}