{"id":4287,"date":"2012-05-08T00:23:45","date_gmt":"2012-05-08T04:23:45","guid":{"rendered":"http:\/\/goldstocksforex.com\/?p=4287"},"modified":"2012-05-08T00:23:45","modified_gmt":"2012-05-08T04:23:45","slug":"nasdaq-100-and-sp-500-threaten-a-correction","status":"publish","type":"post","link":"https:\/\/thepatientinvestor.com\/index.php\/2012\/05\/08\/nasdaq-100-and-sp-500-threaten-a-correction\/","title":{"rendered":"Nasdaq 100 and S&#038;P 500 threaten a correction"},"content":{"rendered":"<p>The Nasdaq 100 is testing medium-term support at 2630. Reversal of 21-day Twiggs Money Flow below zero warns of a correction; follow-through below Friday&#8217;s low of 2620 would confirm, offering an initial target of 2400.<\/p>\n<p><img data-recalc-dims=\"1\" decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2012\/2012-05-08-ndx.png?w=525&#038;ssl=1\" alt=\"Nasdaq 100 Index\" \/><\/p>\n<p>The S&amp;P 500 continues to test support at 1350\/1370 on the weekly chart after penetrating its rising trendline. Declining 13-week Twiggs Money Flow indicates medium-term selling pressure. Failure of support would signal a correction with an initial target of 1300*, but the primary up-trend is not under immediate threat.<\/p>\n<p><img data-recalc-dims=\"1\" decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2012\/2012-05-08-spx.png?w=525&#038;ssl=1\" alt=\"S&amp;P 500 Index Weekly Chart\" \/><\/p>\n<p style=\"text-align:right;font-size:.9em;\"><span style=\"color:#999999;\">* Target calculation: 1350 &#8211; ( 1400 &#8211; 1350 ) = 1300<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Nasdaq 100 is testing medium-term support at 2630. Reversal of 21-day Twiggs Money Flow below zero warns of a correction; follow-through below Friday&#8217;s low of 2620 would confirm, offering an initial target of 2400. The S&amp;P 500 continues to test support at 1350\/1370 on the weekly chart after penetrating its rising trendline. Declining 13-week &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/thepatientinvestor.com\/index.php\/2012\/05\/08\/nasdaq-100-and-sp-500-threaten-a-correction\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Nasdaq 100 and S&#038;P 500 threaten a correction&#8221;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[57,34],"tags":[836,2402,3014],"class_list":["post-4287","post","type-post","status-publish","format-standard","hentry","category-stock-markets","category-us-canada-countries-regions","tag-correction","tag-nasdaq-100-index","tag-sp-500-index"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Nasdaq 100 and S&#038;P 500 threaten a correction - 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=\"Nasdaq 100 and S&#038;P 500 threaten a correction - the patient investor\" \/>\n<meta property=\"og:description\" content=\"The Nasdaq 100 is testing medium-term support at 2630. Reversal of 21-day Twiggs Money Flow below zero warns of a correction; follow-through below Friday&#8217;s low of 2620 would confirm, offering an initial target of 2400. The S&amp;P 500 continues to test support at 1350\/1370 on the weekly chart after penetrating its rising trendline. 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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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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. He founded PVT Capital (AFSL No. 546090) in May 2023, which offers investment strategy and advice to wholesale clients.","sameAs":["https:\/\/facebook.com\/people\/The-Patient-Investor\/61572934660810\/","https:\/\/www.instagram.com\/colin_thepatientinvestor","https:\/\/au.linkedin.com\/in\/colintwiggs"],"url":"https:\/\/thepatientinvestor.com\/index.php\/author\/investor\/"}]}},"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p9tQ4n-179","jetpack_likes_enabled":false,"jetpack-related-posts":[{"id":4073,"url":"https:\/\/thepatientinvestor.com\/index.php\/2012\/04\/16\/selling-pressure-on-sp-500-and-nasdaq-100\/","url_meta":{"origin":4287,"position":0},"title":"Selling pressure on S&#038;P 500 and Nasdaq 100","author":"Colin Twiggs","date":"April 16, 2012","format":false,"excerpt":"The S&P 500 is testing support at 1350 after penetrating its rising trendline. Failure of support would indicate a correction with an initial target of 1300. Respect of 1300 -- and of the zero line by 13-week Twiggs Money Flow -- would signal that the primary up-trend is intact and\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":[]},{"id":4231,"url":"https:\/\/thepatientinvestor.com\/index.php\/2012\/04\/30\/us-sp-500-and-nasdaq-100-2\/","url_meta":{"origin":4287,"position":1},"title":"US: S&#038;P 500 and Nasdaq 100","author":"Colin Twiggs","date":"April 30, 2012","format":false,"excerpt":"The S&P 500 respected support at 1350\/1370, again confirming the primary up-trend signaled by 63-day Twiggs Momentum in December 2011. Immediate target for the advance is 1450*. Reversal below 1350 is unlikely but would warn of a correction to 1300. * Target calculation: 1300 + ( 1300 - 1150 )\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":[]},{"id":4343,"url":"https:\/\/thepatientinvestor.com\/index.php\/2012\/05\/14\/sp-500-and-nasdaq-100-correction\/","url_meta":{"origin":4287,"position":2},"title":"S&#038;P 500 and Nasdaq 100 correction","author":"Colin Twiggs","date":"May 14, 2012","format":false,"excerpt":"The S&P 500 broke support at 1340 to confirm the correction. Initial target is 1300. Reversal of 21-day Twiggs Money Flow below zero confirms medium-term selling pressure signaled by an earlier bearish divergence . Recovery above 1360 is most unlikely but would warn of a bear trap. * Target calculation:\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":[]},{"id":4011,"url":"https:\/\/thepatientinvestor.com\/index.php\/2012\/04\/01\/bearish-divergence-for-us-indices\/","url_meta":{"origin":4287,"position":3},"title":"Bearish divergence for US indices","author":"Colin Twiggs","date":"April 1, 2012","format":false,"excerpt":"Bearish divergence on 21-day Twiggs Money Flow warns of medium-term selling pressure on the S&P 500 index. Expect a correction to test support at 1350\/1370 unless we see 21-day Twiggs Money Flow recovering above 30%. * Target calculation: 1300 + (1300 - 1150) = 1450 The Nasdaq 100 index encountered\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":[]},{"id":3773,"url":"https:\/\/thepatientinvestor.com\/index.php\/2012\/03\/12\/us-markets-pause-in-anticipation-of-march-sell-off\/","url_meta":{"origin":4287,"position":4},"title":"US markets pause in anticipation of March sell-off","author":"ColinTwiggs","date":"March 12, 2012","format":false,"excerpt":"US markets are anticipating a quarter-end sell-off in the second half of March, driven by the tax season and Spring-cleaning of fund balance sheets. The S&P 500 Index continues to test resistance at 1370. Breakout would signal the start of another primary advance, with a target of 1450*. Reversal below\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":[]},{"id":3946,"url":"https:\/\/thepatientinvestor.com\/index.php\/2012\/03\/24\/secondary-correction-but-watch-fedex\/","url_meta":{"origin":4287,"position":5},"title":"Secondary correction, but watch Fedex","author":"Colin Twiggs","date":"March 24, 2012","format":false,"excerpt":"The weekly S&P 500 chart suggests retracement to the new support level at 1370. No major deviation on 13-week Twiggs Money Flow indicates this is merely a secondary correction. Respect of 1350 would signal a primary advance. Long-term target for the breakout is 1600*. * Target calculation: 1350 + (\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\/4287","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=4287"}],"version-history":[{"count":0,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts\/4287\/revisions"}],"wp:attachment":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/media?parent=4287"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/categories?post=4287"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/tags?post=4287"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}