{"id":6449,"date":"2012-12-11T18:26:05","date_gmt":"2012-12-11T23:26:05","guid":{"rendered":"http:\/\/goldstocksforex.com\/?p=6449"},"modified":"2012-12-11T18:26:05","modified_gmt":"2012-12-11T23:26:05","slug":"sp-500-hesitancy-continues","status":"publish","type":"post","link":"https:\/\/thepatientinvestor.com\/index.php\/2012\/12\/11\/sp-500-hesitancy-continues\/","title":{"rendered":"S&#038;P 500 hesitancy continues"},"content":{"rendered":"<p>The US remains hesitant under the uncertainty of fiscal cliff negotiations. The S&amp;P 500 broke medium-term resistance at 1425 but a tall shadow on today&#8217;s candle indicates short-term selling pressure. Expect a test of the new support level before further advances signaled by medium-term buying pressure on 21-day Twiggs Money Flow (holding above zero). Respect of 1425 would signal an advance to the September\/October high of 1475.<\/p>\n<p><img data-recalc-dims=\"1\" decoding=\"async\" class=\"aligncenter\" alt=\"S&amp;P 500 Index\" src=\"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2012\/2012-12-11-spx.png?w=525&#038;ssl=1\" \/><\/p>\n<p style=\"text-align:right;font-size:.9em;color:#999999;\">* Target calculation: 1475 + ( 1475 &#8211; 1350 ) = 1600<\/p>\n<p>The Nasdaq 100 weekly chart is testing medium-term resistance at 2700. Breakout would signal an advance to 2800\/2900. Falling 63-day Twiggs Momentum, however, warns of a primary down-trend; strengthened if the indicator reverses below zero.\u00a0 Profit-taking on stocks like AAPL, to recognize capital gains ahead of fiscal cliff measures, may be adding to selling pressure.<\/p>\n<p><img data-recalc-dims=\"1\" decoding=\"async\" class=\"aligncenter\" alt=\"Nasdaq 100 Index\" src=\"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2012\/2012-12-11-ndx.png?w=525&#038;ssl=1\" \/><\/p>\n<p style=\"text-align:right;font-size:.9em;color:#999999;\">* Target calculation: 2450 &#8211; ( 2900 &#8211; 2450 ) = 2000<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The US remains hesitant under the uncertainty of fiscal cliff negotiations. The S&amp;P 500 broke medium-term resistance at 1425 but a tall shadow on today&#8217;s candle indicates short-term selling pressure. Expect a test of the new support level before further advances signaled by medium-term buying pressure on 21-day Twiggs Money Flow (holding above zero). Respect &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/thepatientinvestor.com\/index.php\/2012\/12\/11\/sp-500-hesitancy-continues\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;S&#038;P 500 hesitancy continues&#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-6449","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>S&#038;P 500 hesitancy continues - 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&#038;P 500 hesitancy continues - the patient investor\" \/>\n<meta property=\"og:description\" content=\"The US remains hesitant under the uncertainty of fiscal cliff negotiations. The S&amp;P 500 broke medium-term resistance at 1425 but a tall shadow on today&#8217;s candle indicates short-term selling pressure. Expect a test of the new support level before further advances signaled by medium-term buying pressure on 21-day Twiggs Money Flow (holding above zero). 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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":"S&#038;P 500 hesitancy continues - the patient investor","robots":{"index":"noindex","follow":"follow"},"og_locale":"en_US","og_type":"article","og_title":"S&#038;P 500 hesitancy continues - the patient investor","og_description":"The US remains hesitant under the uncertainty of fiscal cliff negotiations. The S&amp;P 500 broke medium-term resistance at 1425 but a tall shadow on today&#8217;s candle indicates short-term selling pressure. 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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-1G1","jetpack_likes_enabled":false,"jetpack-related-posts":[{"id":6358,"url":"https:\/\/thepatientinvestor.com\/index.php\/2012\/12\/05\/sp-500-hesitant\/","url_meta":{"origin":6449,"position":0},"title":"S&#038;P 500 hesitant","author":"Colin Twiggs","date":"December 5, 2012","format":false,"excerpt":"Two doji candles on the S&P 500 daily chart indicate indecision. Fiscal cliff negotiations are unlikely to be resolved quickly and another test of primary support at 1350 seems inevitable. Failure of short-term support at 1400 is likely and would signal a test of primary support. While breakout above 1425\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":6333,"url":"https:\/\/thepatientinvestor.com\/index.php\/2012\/12\/03\/falling-momentum-on-us-indices\/","url_meta":{"origin":6449,"position":1},"title":"Falling momentum on US indices","author":"Colin Twiggs","date":"December 3, 2012","format":false,"excerpt":"The S&P 500 weekly chart continues to warn of a primary down-trend, with bearish divergence on 63-day Twiggs Momentum. Reversal of TMO below zero would strengthen the signal. Hardening of positions in fiscal cliff negotiations makes another test of primary support at 1350 seem inevitable. Breakout above 1425 would test\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":6270,"url":"https:\/\/thepatientinvestor.com\/index.php\/2012\/11\/26\/us-rally-but-signs-of-a-top\/","url_meta":{"origin":6449,"position":2},"title":"US rally but signs of a top","author":"Colin Twiggs","date":"November 26, 2012","format":false,"excerpt":"The S&P 500 broke resistance at 1400 and the descending trendline on the daily chart, indicating that the correction is ending. Expect retracement to test support. A higher trough would be a bullish sign. The weekly chart still shows bearish divergence on 63-day Twiggs Momentum and reversal below zero 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":[]},{"id":5706,"url":"https:\/\/thepatientinvestor.com\/index.php\/2012\/10\/08\/us-continued-selling-pressure\/","url_meta":{"origin":6449,"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":6499,"url":"https:\/\/thepatientinvestor.com\/index.php\/2012\/12\/16\/sp-500-retraces-2\/","url_meta":{"origin":6449,"position":4},"title":"S&#038;P 500 retraces","author":"Colin Twiggs","date":"December 16, 2012","format":false,"excerpt":"The S&P 500 is retracing to test medium-term support at 1400 on the daily chart. Respect would signal an advance to 1475, while failure would indicate a test of primary support at 1350. Reversal of 21-day Twiggs Money Flow below zero would warn of selling pressure, but a higher trough\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":6931,"url":"https:\/\/thepatientinvestor.com\/index.php\/2013\/03\/11\/sp-500-tests-2007-high\/","url_meta":{"origin":6449,"position":5},"title":"S&#038;P 500 tests 2007 high","author":"Colin Twiggs","date":"March 11, 2013","format":false,"excerpt":"Dow Jones Industrial Average has broken through its previous high at 14,000. Long-term (13-week) Twiggs Money Flow oscillating above zero indicates strong buying pressure. Bellwether transport stock Fedex breakout above $100 signals rising economic activity. The S&P 500 is testing its 2007 high at 1550. Rising 13-week Twiggs Money Flow\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":[]}],"_links":{"self":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts\/6449","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=6449"}],"version-history":[{"count":0,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts\/6449\/revisions"}],"wp:attachment":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/media?parent=6449"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/categories?post=6449"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/tags?post=6449"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}