{"id":4458,"date":"2012-05-28T01:37:44","date_gmt":"2012-05-28T05:37:44","guid":{"rendered":"http:\/\/goldstocksforex.com\/?p=4458"},"modified":"2012-05-28T01:37:44","modified_gmt":"2012-05-28T05:37:44","slug":"us-sp-500-and-nasdaq-consolidate","status":"publish","type":"post","link":"https:\/\/thepatientinvestor.com\/index.php\/2012\/05\/28\/us-sp-500-and-nasdaq-consolidate\/","title":{"rendered":"US: S&#038;P 500 and Nasdaq consolidate"},"content":{"rendered":"<p>The S&amp;P 500 finished the week having twice respected support at the 50% Fibonacci retracement level of 1292\/1296 on the hourly chart. Recovery above resistance at 1330 would indicate the end of the secondary correction.<\/p>\n<p><img data-recalc-dims=\"1\" decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2012\/2012-05-25-spx-hourly.png?w=525&#038;ssl=1\" alt=\"S&amp;P 500 Index Hourly Chart\" \/><\/p>\n<p>21-Day Twiggs Money Flow below zero, however, continues to warn of selling pressure. Reversal below 1290 remains likely and would test primary support at 1150.<\/p>\n<p><img data-recalc-dims=\"1\" decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2012\/2012-05-25-spx.png?w=525&#038;ssl=1\" alt=\"S&amp;P 500 Index Daily Chart\" \/><\/p>\n<p>On the weekly chart, the Nasdaq 100 continues to test support at 2500. Breach of the rising trendline would warn that the primary up-trend is weakening. The sharp fall on 13-week Twiggs Money Flow indicates selling pressure and reversal below zero would suggest a primary down-trend.<\/p>\n<p><img data-recalc-dims=\"1\" decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2012\/2012-05-25-ndx.png?w=525&#038;ssl=1\" alt=\"Nasdaq 100 Index\" \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The S&amp;P 500 finished the week having twice respected support at the 50% Fibonacci retracement level of 1292\/1296 on the hourly chart. Recovery above resistance at 1330 would indicate the end of the secondary correction. 21-Day Twiggs Money Flow below zero, however, continues to warn of selling pressure. Reversal below 1290 remains likely and would &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/thepatientinvestor.com\/index.php\/2012\/05\/28\/us-sp-500-and-nasdaq-consolidate\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;US: S&#038;P 500 and Nasdaq consolidate&#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_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[57,34],"tags":[2402,3014],"class_list":["post-4458","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 v28.0 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>US: S&#038;P 500 and Nasdaq consolidate - 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 consolidate - the patient investor\" \/>\n<meta property=\"og:description\" content=\"The S&amp;P 500 finished the week having twice respected support at the 50% Fibonacci retracement level of 1292\/1296 on the hourly chart. Recovery above resistance at 1330 would indicate the end of the secondary correction. 21-Day Twiggs Money Flow below zero, however, continues to warn of selling pressure. Reversal below 1290 remains likely and would &hellip; Continue reading &quot;US: S&#038;P 500 and Nasdaq consolidate&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/thepatientinvestor.com\/index.php\/2012\/05\/28\/us-sp-500-and-nasdaq-consolidate\/\" \/>\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=\"2012-05-28T05:37:44+00:00\" \/>\n<meta property=\"og:image\" content=\"http:\/\/static.incrediblecharts.com\/images\/2012\/2012-05-25-spx-hourly.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\\\/28\\\/us-sp-500-and-nasdaq-consolidate\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/index.php\\\/2012\\\/05\\\/28\\\/us-sp-500-and-nasdaq-consolidate\\\/\"},\"author\":{\"name\":\"Colin Twiggs\",\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/#\\\/schema\\\/person\\\/d42b18d516a80149d739845749ac6454\"},\"headline\":\"US: S&#038;P 500 and Nasdaq consolidate\",\"datePublished\":\"2012-05-28T05:37:44+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/index.php\\\/2012\\\/05\\\/28\\\/us-sp-500-and-nasdaq-consolidate\\\/\"},\"wordCount\":106,\"commentCount\":1,\"publisher\":{\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/#organization\"},\"image\":{\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/index.php\\\/2012\\\/05\\\/28\\\/us-sp-500-and-nasdaq-consolidate\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.incrediblecharts.com\\\/images\\\/2012\\\/2012-05-25-spx-hourly.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\\\/28\\\/us-sp-500-and-nasdaq-consolidate\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/index.php\\\/2012\\\/05\\\/28\\\/us-sp-500-and-nasdaq-consolidate\\\/\",\"url\":\"https:\\\/\\\/thepatientinvestor.com\\\/index.php\\\/2012\\\/05\\\/28\\\/us-sp-500-and-nasdaq-consolidate\\\/\",\"name\":\"US: S&#038;P 500 and Nasdaq consolidate - the patient investor\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/index.php\\\/2012\\\/05\\\/28\\\/us-sp-500-and-nasdaq-consolidate\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/index.php\\\/2012\\\/05\\\/28\\\/us-sp-500-and-nasdaq-consolidate\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.incrediblecharts.com\\\/images\\\/2012\\\/2012-05-25-spx-hourly.png\",\"datePublished\":\"2012-05-28T05:37:44+00:00\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/index.php\\\/2012\\\/05\\\/28\\\/us-sp-500-and-nasdaq-consolidate\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/thepatientinvestor.com\\\/index.php\\\/2012\\\/05\\\/28\\\/us-sp-500-and-nasdaq-consolidate\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/index.php\\\/2012\\\/05\\\/28\\\/us-sp-500-and-nasdaq-consolidate\\\/#primaryimage\",\"url\":\"https:\\\/\\\/www.incrediblecharts.com\\\/images\\\/2012\\\/2012-05-25-spx-hourly.png\",\"contentUrl\":\"https:\\\/\\\/www.incrediblecharts.com\\\/images\\\/2012\\\/2012-05-25-spx-hourly.png\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/index.php\\\/2012\\\/05\\\/28\\\/us-sp-500-and-nasdaq-consolidate\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/thepatientinvestor.com\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"US: S&#038;P 500 and Nasdaq consolidate\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/#website\",\"url\":\"https:\\\/\\\/thepatientinvestor.com\\\/\",\"name\":\"The Patient Investor\",\"description\":\"Smart. 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He founded PVT Capital (AFSL number 546090), which provides income and growth strategies to wholesale clients. Colin also co-founded Incredible Charts and writes the popular Patient Investor newsletter. Using a top-down approach, Colin identifies macro trends in the global economy and then combines fundamental and technical analysis to evaluate opportunities in sectors that stand to benefit. 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Recovery above resistance at 1330 would indicate the end of the secondary correction. 21-Day Twiggs Money Flow below zero, however, continues to warn of selling pressure. 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He founded PVT Capital (AFSL number 546090), which provides income and growth strategies to wholesale clients. Colin also co-founded Incredible Charts and writes the popular Patient Investor newsletter. Using a top-down approach, Colin identifies macro trends in the global economy and then combines fundamental and technical analysis to evaluate opportunities in sectors that stand to benefit. 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.","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-19U","jetpack_likes_enabled":false,"jetpack-related-posts":[{"id":5334,"url":"https:\/\/thepatientinvestor.com\/index.php\/2012\/08\/27\/sp-500-and-nasdaq-bearish-divergence\/","url_meta":{"origin":4458,"position":0},"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":9775,"url":"https:\/\/thepatientinvestor.com\/index.php\/2014\/05\/07\/selling-pressure-rises\/","url_meta":{"origin":4458,"position":1},"title":"Selling pressure  rises","author":"ColinTwiggs","date":"May 7, 2014","format":false,"excerpt":"S&P 500 displays little direction while bearish divergence on 13-week Twiggs Money Flow continues to signal selling pressure. Reversal below 1850 would warn of a correction to test primary support at 1750. Breakout above 1900, however would signal an advance to 1950. * Target calculation: 1850 + ( 1850 -\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\/2014\/2014-05-07-spx.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2014\/2014-05-07-spx.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2014\/2014-05-07-spx.png?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":5638,"url":"https:\/\/thepatientinvestor.com\/index.php\/2012\/10\/02\/us-fedex-warns-of-declining-activity-2\/","url_meta":{"origin":4458,"position":2},"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":5560,"url":"https:\/\/thepatientinvestor.com\/index.php\/2012\/09\/24\/us-fedex-warns-of-declining-activity\/","url_meta":{"origin":4458,"position":3},"title":"US: Fedex warns of declining activity","author":"Colin Twiggs","date":"September 24, 2012","format":false,"excerpt":"Bellwether transport stock Fedex fell hard in the last week, testing support at $84. Breakout would confirm the primary down-trend signaled by 63-day Twiggs Momentum below zero. A down-trend on Fedex would warn of slowing activity in the broader economy. A daily chart of the S&P 500 index shows narrow\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":6869,"url":"https:\/\/thepatientinvestor.com\/index.php\/2013\/03\/04\/sp-500-and-nasdaq-selling-pressure\/","url_meta":{"origin":4458,"position":4},"title":"S&#038;P 500 and Nasdaq selling pressure","author":"Colin Twiggs","date":"March 4, 2013","format":false,"excerpt":"The S&P 500 is oscillating between 1485 and 1530. I avoided using the word \"consolidating\" because that implies a degree of calm. Far from it. Bearish divergence on 21-day Twiggs Money Flow continues to warn of medium-term selling pressure. Reversal below 1485 and the rising trendline would indicate a correction.\u2026","rel":"","context":"In &quot;Banks &amp; Interest Rates&quot;","block_context":{"text":"Banks &amp; Interest Rates","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/economy\/the-fed-banks-interest-rates\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":13795,"url":"https:\/\/thepatientinvestor.com\/index.php\/2015\/12\/03\/nasdaq-bearish-divergence\/","url_meta":{"origin":4458,"position":5},"title":"Nasdaq bearish divergence","author":"ColinTwiggs","date":"December 3, 2015","format":false,"excerpt":"The S&P 500 found resistance at 2100, indicating a continued lack of enthusiasm. Declining 13-week Twiggs Money Flow flags medium-term selling pressure. Reversal below 2000 would warn of another test of primary support at 1870. Upward breakout now appears less likely, but would signal a fresh advance to 2400*. *\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\/2015-12-03-spx.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2015\/2015-12-03-spx.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2015\/2015-12-03-spx.png?resize=525%2C300&ssl=1 1.5x"},"classes":[]}],"_links":{"self":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts\/4458","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=4458"}],"version-history":[{"count":0,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts\/4458\/revisions"}],"wp:attachment":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/media?parent=4458"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/categories?post=4458"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/tags?post=4458"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}