{"id":6192,"date":"2012-11-16T18:13:43","date_gmt":"2012-11-16T23:13:43","guid":{"rendered":"http:\/\/goldstocksforex.com\/?p=6192"},"modified":"2012-11-16T18:13:43","modified_gmt":"2012-11-16T23:13:43","slug":"sp-500-correction","status":"publish","type":"post","link":"https:\/\/thepatientinvestor.com\/index.php\/2012\/11\/16\/sp-500-correction\/","title":{"rendered":"S&P 500 correction"},"content":{"rendered":"

The S&P 500 correction continues despite the index finding short-term support at 1350. A rally would test the descending trendline around 1400 but a close below 1350 would signal another down-swing. Reversal of 63-day Twiggs Momentum below zero would indicate a test of primary support at 1275 (the index tends to move in increments of 25).<\/p>\n

\"S&P<\/p>\n","protected":false},"excerpt":{"rendered":"

The S&P 500 correction continues despite the index finding short-term support at 1350. A rally would test the descending trendline around 1400 but a close below 1350 would signal another down-swing. Reversal of 63-day Twiggs Momentum below zero would indicate a test of primary support at 1275 (the index tends to move in increments of … <\/p>\n

Continue reading “S&P 500 correction”<\/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":[3014],"class_list":["post-6192","post","type-post","status-publish","format-standard","hentry","category-stock-markets","category-us-canada-countries-regions","tag-sp-500-index"],"yoast_head":"\nS&P 500 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=\"S&P 500 correction - the patient investor\" \/>\n<meta property=\"og:description\" content=\"The S&P 500 correction continues despite the index finding short-term support at 1350. A rally would test the descending trendline around 1400 but a close below 1350 would signal another down-swing. 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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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Reversal of 21-day Twiggs Money Flow below zero warns of a correction; follow-through below Friday's low of 2620 would confirm, offering an initial target of 2400. The S&P 500 continues to test support at 1350\/1370 on the weekly chart after penetrating\u2026","rel":"","context":"In "Stock Markets"","block_context":{"text":"Stock Markets","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/stock-markets\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":6783,"url":"https:\/\/thepatientinvestor.com\/index.php\/2013\/02\/24\/sp-500-caution-2\/","url_meta":{"origin":6192,"position":1},"title":"S&P 500 finds support but Nasdaq warns caution","author":"Colin Twiggs","date":"February 24, 2013","format":false,"excerpt":"The S&P 500 found support at 1500 and is headed for a re-test of resistance at 1525\/1530. Bearish divergence on 21-day Twiggs Money Flow warns of mild selling pressure. Breakout above resistance would negate this, while reversal below 1500 and the rising trendline would warn of a correction. Breach of\u2026","rel":"","context":"In "Banks & Interest Rates"","block_context":{"text":"Banks & 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":6755,"url":"https:\/\/thepatientinvestor.com\/index.php\/2013\/02\/20\/sp-500-caution\/","url_meta":{"origin":6192,"position":2},"title":"S&P 500 caution","author":"Colin Twiggs","date":"February 20, 2013","format":false,"excerpt":"The S&P 500 retreated below 1525, heading for support at 1500. Failure of support would test the secondary trendline at 1475. Bearish divergence on 21-day Twiggs Money Flow warns of selling pressure, but may not be sufficient to start a full-blown correction. Breach of the secondary trendline at 1475 would\u2026","rel":"","context":"In "Banks & Interest Rates"","block_context":{"text":"Banks & 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":4231,"url":"https:\/\/thepatientinvestor.com\/index.php\/2012\/04\/30\/us-sp-500-and-nasdaq-100-2\/","url_meta":{"origin":6192,"position":3},"title":"US: S&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 "Stock Markets"","block_context":{"text":"Stock Markets","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/stock-markets\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":4073,"url":"https:\/\/thepatientinvestor.com\/index.php\/2012\/04\/16\/selling-pressure-on-sp-500-and-nasdaq-100\/","url_meta":{"origin":6192,"position":4},"title":"Selling pressure on S&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 "Stock Markets"","block_context":{"text":"Stock Markets","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/stock-markets\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":7420,"url":"https:\/\/thepatientinvestor.com\/index.php\/2013\/04\/08\/sp-500-tests-resistance\/","url_meta":{"origin":6192,"position":5},"title":"S&P 500 tests resistance","author":"ColinTwiggs","date":"April 8, 2013","format":false,"excerpt":"The S&P 500 is headed for resistance at 1575, after repeated tests of support at 1540. Breakout above 1575 would test 1600*, but reversal below 1540 remains as likely and would warn of a correction. Although ripe for a correction, 13-week Twiggs Momentum troughs above zero continue to reflect a\u2026","rel":"","context":"In "Banks & Interest Rates"","block_context":{"text":"Banks & Interest Rates","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/economy\/the-fed-banks-interest-rates\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts\/6192","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=6192"}],"version-history":[{"count":0,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts\/6192\/revisions"}],"wp:attachment":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/media?parent=6192"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/categories?post=6192"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/tags?post=6192"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}