{"id":4407,"date":"2012-05-21T19:42:54","date_gmt":"2012-05-21T23:42:54","guid":{"rendered":"http:\/\/goldstocksforex.com\/?p=4407"},"modified":"2012-05-21T19:42:54","modified_gmt":"2012-05-21T23:42:54","slug":"us-sp-500-and-nasdaq-rally","status":"publish","type":"post","link":"https:\/\/thepatientinvestor.com\/index.php\/2012\/05\/21\/us-sp-500-and-nasdaq-rally\/","title":{"rendered":"US: S&#038;P 500 and Nasdaq rally"},"content":{"rendered":"<p>The S&amp;P 500 rallied off support at 1290\/1300, the 50% Fibonacci retracement level. Respect of resistance at 1350\/1360 would indicate a strong correction. Likewise a 21-day Twiggs Money Flow peak below zero would be a strong bear signal. The primary trend remains upward, with support a long way off at 1150.<\/p>\n<p><img data-recalc-dims=\"1\" decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2012\/2012-05-21-spx.png?w=525&#038;ssl=1\" alt=\"S&amp;P 500 Index\" \/><\/p>\n<p>On the weekly chart, the Nasdaq 100 displays a solid bounce off support at 2500 and the rising trendline. Respect of resistance at 2650 would indicate a test of 2400. A 63-day Twiggs Momentum trough above zero would reinforce the primary up-trend, but momentum is falling fast and penetration of the zero line would warn of reversal to a down-trend.<\/p>\n<p><img data-recalc-dims=\"1\" decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2012\/2012-05-21-ndx.png?w=525&#038;ssl=1\" alt=\"Nasdaq 100 Index\" \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The S&amp;P 500 rallied off support at 1290\/1300, the 50% Fibonacci retracement level. Respect of resistance at 1350\/1360 would indicate a strong correction. Likewise a 21-day Twiggs Money Flow peak below zero would be a strong bear signal. The primary trend remains upward, with support a long way off at 1150. On the weekly chart, &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/thepatientinvestor.com\/index.php\/2012\/05\/21\/us-sp-500-and-nasdaq-rally\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;US: S&#038;P 500 and Nasdaq rally&#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":[2402,3014],"class_list":["post-4407","post","type-post","status-publish","format-standard","hentry","category-stock-markets","category-us-canada-countries-regions","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>US: S&#038;P 500 and Nasdaq rally - 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=\"US: S&#038;P 500 and Nasdaq rally - the patient investor\" \/>\n<meta property=\"og:description\" content=\"The S&amp;P 500 rallied off support at 1290\/1300, the 50% Fibonacci retracement level. Respect of resistance at 1350\/1360 would indicate a strong correction. Likewise a 21-day Twiggs Money Flow peak below zero would be a strong bear signal. The primary trend remains upward, with support a long way off at 1150. On the weekly chart, &hellip; Continue reading &quot;US: S&#038;P 500 and Nasdaq rally&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/thepatientinvestor.com\/index.php\/2012\/05\/21\/us-sp-500-and-nasdaq-rally\/\" \/>\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=\"2012-05-21T23:42:54+00:00\" \/>\n<meta property=\"og:image\" content=\"http:\/\/static.incrediblecharts.com\/images\/2012\/2012-05-21-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\/2012\/05\/21\/us-sp-500-and-nasdaq-rally\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/thepatientinvestor.com\/index.php\/2012\/05\/21\/us-sp-500-and-nasdaq-rally\/\"},\"author\":{\"name\":\"Colin Twiggs\",\"@id\":\"https:\/\/thepatientinvestor.com\/#\/schema\/person\/d42b18d516a80149d739845749ac6454\"},\"headline\":\"US: S&#038;P 500 and Nasdaq rally\",\"datePublished\":\"2012-05-21T23:42:54+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/thepatientinvestor.com\/index.php\/2012\/05\/21\/us-sp-500-and-nasdaq-rally\/\"},\"wordCount\":110,\"commentCount\":1,\"publisher\":{\"@id\":\"https:\/\/thepatientinvestor.com\/#organization\"},\"image\":{\"@id\":\"https:\/\/thepatientinvestor.com\/index.php\/2012\/05\/21\/us-sp-500-and-nasdaq-rally\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.incrediblecharts.com\/images\/2012\/2012-05-21-spx.png\",\"keywords\":[\"Nasdaq 100 Index\",\"S&amp;P 500 Index\"],\"articleSection\":[\"Stock Markets\",\"US &amp; Canada\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/thepatientinvestor.com\/index.php\/2012\/05\/21\/us-sp-500-and-nasdaq-rally\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/thepatientinvestor.com\/index.php\/2012\/05\/21\/us-sp-500-and-nasdaq-rally\/\",\"url\":\"https:\/\/thepatientinvestor.com\/index.php\/2012\/05\/21\/us-sp-500-and-nasdaq-rally\/\",\"name\":\"US: S&#038;P 500 and Nasdaq rally - the patient investor\",\"isPartOf\":{\"@id\":\"https:\/\/thepatientinvestor.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/thepatientinvestor.com\/index.php\/2012\/05\/21\/us-sp-500-and-nasdaq-rally\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/thepatientinvestor.com\/index.php\/2012\/05\/21\/us-sp-500-and-nasdaq-rally\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.incrediblecharts.com\/images\/2012\/2012-05-21-spx.png\",\"datePublished\":\"2012-05-21T23:42:54+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/thepatientinvestor.com\/index.php\/2012\/05\/21\/us-sp-500-and-nasdaq-rally\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/thepatientinvestor.com\/index.php\/2012\/05\/21\/us-sp-500-and-nasdaq-rally\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/thepatientinvestor.com\/index.php\/2012\/05\/21\/us-sp-500-and-nasdaq-rally\/#primaryimage\",\"url\":\"https:\/\/www.incrediblecharts.com\/images\/2012\/2012-05-21-spx.png\",\"contentUrl\":\"https:\/\/www.incrediblecharts.com\/images\/2012\/2012-05-21-spx.png\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/thepatientinvestor.com\/index.php\/2012\/05\/21\/us-sp-500-and-nasdaq-rally\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/thepatientinvestor.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"US: S&#038;P 500 and Nasdaq rally\"}]},{\"@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. 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\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"US: S&#038;P 500 and Nasdaq rally - the patient investor","robots":{"index":"noindex","follow":"follow"},"og_locale":"en_US","og_type":"article","og_title":"US: S&#038;P 500 and Nasdaq rally - the patient investor","og_description":"The S&amp;P 500 rallied off support at 1290\/1300, the 50% Fibonacci retracement level. Respect of resistance at 1350\/1360 would indicate a strong correction. Likewise a 21-day Twiggs Money Flow peak below zero would be a strong bear signal. The primary trend remains upward, with support a long way off at 1150. On the weekly chart, &hellip; Continue reading \"US: S&#038;P 500 and Nasdaq rally\"","og_url":"https:\/\/thepatientinvestor.com\/index.php\/2012\/05\/21\/us-sp-500-and-nasdaq-rally\/","og_site_name":"the patient investor","article_publisher":"https:\/\/www.facebook.com\/profile.php?id=61572934660810","article_author":"https:\/\/facebook.com\/people\/The-Patient-Investor\/61572934660810\/","article_published_time":"2012-05-21T23:42:54+00:00","og_image":[{"url":"http:\/\/static.incrediblecharts.com\/images\/2012\/2012-05-21-spx.png","type":"","width":"","height":""}],"author":"Colin Twiggs","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Colin Twiggs","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/thepatientinvestor.com\/index.php\/2012\/05\/21\/us-sp-500-and-nasdaq-rally\/#article","isPartOf":{"@id":"https:\/\/thepatientinvestor.com\/index.php\/2012\/05\/21\/us-sp-500-and-nasdaq-rally\/"},"author":{"name":"Colin Twiggs","@id":"https:\/\/thepatientinvestor.com\/#\/schema\/person\/d42b18d516a80149d739845749ac6454"},"headline":"US: S&#038;P 500 and Nasdaq rally","datePublished":"2012-05-21T23:42:54+00:00","mainEntityOfPage":{"@id":"https:\/\/thepatientinvestor.com\/index.php\/2012\/05\/21\/us-sp-500-and-nasdaq-rally\/"},"wordCount":110,"commentCount":1,"publisher":{"@id":"https:\/\/thepatientinvestor.com\/#organization"},"image":{"@id":"https:\/\/thepatientinvestor.com\/index.php\/2012\/05\/21\/us-sp-500-and-nasdaq-rally\/#primaryimage"},"thumbnailUrl":"https:\/\/www.incrediblecharts.com\/images\/2012\/2012-05-21-spx.png","keywords":["Nasdaq 100 Index","S&amp;P 500 Index"],"articleSection":["Stock Markets","US &amp; Canada"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/thepatientinvestor.com\/index.php\/2012\/05\/21\/us-sp-500-and-nasdaq-rally\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/thepatientinvestor.com\/index.php\/2012\/05\/21\/us-sp-500-and-nasdaq-rally\/","url":"https:\/\/thepatientinvestor.com\/index.php\/2012\/05\/21\/us-sp-500-and-nasdaq-rally\/","name":"US: S&#038;P 500 and Nasdaq rally - the patient investor","isPartOf":{"@id":"https:\/\/thepatientinvestor.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/thepatientinvestor.com\/index.php\/2012\/05\/21\/us-sp-500-and-nasdaq-rally\/#primaryimage"},"image":{"@id":"https:\/\/thepatientinvestor.com\/index.php\/2012\/05\/21\/us-sp-500-and-nasdaq-rally\/#primaryimage"},"thumbnailUrl":"https:\/\/www.incrediblecharts.com\/images\/2012\/2012-05-21-spx.png","datePublished":"2012-05-21T23:42:54+00:00","breadcrumb":{"@id":"https:\/\/thepatientinvestor.com\/index.php\/2012\/05\/21\/us-sp-500-and-nasdaq-rally\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/thepatientinvestor.com\/index.php\/2012\/05\/21\/us-sp-500-and-nasdaq-rally\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/thepatientinvestor.com\/index.php\/2012\/05\/21\/us-sp-500-and-nasdaq-rally\/#primaryimage","url":"https:\/\/www.incrediblecharts.com\/images\/2012\/2012-05-21-spx.png","contentUrl":"https:\/\/www.incrediblecharts.com\/images\/2012\/2012-05-21-spx.png"},{"@type":"BreadcrumbList","@id":"https:\/\/thepatientinvestor.com\/index.php\/2012\/05\/21\/us-sp-500-and-nasdaq-rally\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/thepatientinvestor.com\/"},{"@type":"ListItem","position":2,"name":"US: S&#038;P 500 and Nasdaq rally"}]},{"@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. 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-195","jetpack_likes_enabled":false,"jetpack-related-posts":[{"id":5638,"url":"https:\/\/thepatientinvestor.com\/index.php\/2012\/10\/02\/us-fedex-warns-of-declining-activity-2\/","url_meta":{"origin":4407,"position":0},"title":"US: Buying pressure easing","author":"Colin Twiggs","date":"October 2, 2012","format":false,"excerpt":"The September Quarter has ended, bonuses have been determined, and buying pressure is now likely to ease. The S&P 500 is testing resistance after breaking support at 1450. Bearish divergence on 21-day Twiggs Money Flow indicates selling pressure. Respect of 1450 is likely and would indicate a test of 1400.\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":5334,"url":"https:\/\/thepatientinvestor.com\/index.php\/2012\/08\/27\/sp-500-and-nasdaq-bearish-divergence\/","url_meta":{"origin":4407,"position":1},"title":"S&#038;P 500 and Nasdaq bearish divergence","author":"Colin Twiggs","date":"August 27, 2012","format":false,"excerpt":"The S&P 500 Index continues to test resistance at 1420. Bearish divergence on 21-day Twiggs Money Flow warns of medium-term selling pressure. Expect a test of the lower trend channel; reversal below 1380 would indicate a correction. Breakout above 1420, however, would signal an advance to the 2007 high at\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":4407,"position":2},"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":5706,"url":"https:\/\/thepatientinvestor.com\/index.php\/2012\/10\/08\/us-continued-selling-pressure\/","url_meta":{"origin":4407,"position":3},"title":"US: Continued selling pressure","author":"Colin Twiggs","date":"October 8, 2012","format":false,"excerpt":"Resistance on the S&P 500 has shifted from 1450 to 1475, Friday's weak close and declining 21-day Twiggs Money Flow indicate selling pressure. Breakout above 1475 would signal a primary advance, while reversal below 1430 would warn of a correction. * Target calculation: 1420 + ( 1420 - 1280 )\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":1644,"url":"https:\/\/thepatientinvestor.com\/index.php\/2011\/10\/30\/now-for-the-correction\/","url_meta":{"origin":4407,"position":4},"title":"Now for the correction","author":"ColinTwiggs","date":"October 30, 2011","format":false,"excerpt":"Several weeks ago, when asked what it would take to reverse the bear market, I replied that it would take 3 strong blue candles on the weekly chart followed by a correction -- of at least two red candles -- that respects the earlier low. We have had three strong\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":8318,"url":"https:\/\/thepatientinvestor.com\/index.php\/2013\/08\/26\/sp-500-correction-but-nasdaq-and-tsx-advance\/","url_meta":{"origin":4407,"position":5},"title":"S&#038;P 500 correction but Nasdaq and TSX advance","author":"ColinTwiggs","date":"August 26, 2013","format":false,"excerpt":"The S&P 500 rallied off support at 1640\/1650, but the correction is still underway. Respect of resistance at 1675 would confirm. Bearish divergence on 21-day Twiggs Money Flow warns of long-term selling pressure and reversal below zero would indicate continuation. Only a breach of primary support at 1560, however, would\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\/4407","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=4407"}],"version-history":[{"count":0,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts\/4407\/revisions"}],"wp:attachment":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/media?parent=4407"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/categories?post=4407"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/tags?post=4407"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}