My comrade and stock market analyst with Market Club, Adam, will share with you his interpretation of the S&P 500 chart.

You already saw my reading of the S&P 500 chart and best guess for July therefore why am I presenting to you one more technical analysis video on the S&P 500 stock chart?

I am of the attitude that you can’t check out enough technical analysis videos. Everyone has their own technique and style when evaluating charts therefore aim to look at as many technical analyst videos as you can. One market analyst may focus on what another technical analyst just briefly mentions.

Make note of the frequent threads or focal points you see and hear mentioned in several technical analysis videos. You will notice that when 2 or 3 unique stock analysts mention the similar thing in a stock chart, it is a great idea for you to keep your eye on that specific chart pattern or price level.

If you are a technical analyst yourself, and I hope you are as my goal is to educate you as much as I can on how to develop into one, then watching technical analysis vids from separate stock analysts will help you in your own trading and in producing your own content for your website, video, or just to converse about with folks.

In this episode, Adam takes a swift look at the S&P 500. He draws three moving average lines: the 50, 100, and 200. Adam did this video on June 30th and he talks about the Burial Cross that all technicians are keeping their eyes on: the 50 day moving average breaking below the 200 day moving average. Seeing as this video was created on June 30th, we have had a Burial Cross since which therefore suggests now is a excellent time to short this market.

The Trade Triangle score on the S&P 500 is -90 which means a good downtrend.

If we do a Fibonacci Retracement of the bull run that started in March of 2009, then a 38.2% retracement is at 1011, a 50% retracement is at 947, and a 61.8% retracement is at 883. Those are our 3 support levels on the way down. Adam’s sentiment is that we are headed to the 50% to 61.8% retracement area between 947 and 883. Provided Adam is right, we both stand to make a lot of money on the short side. Keep in mind also that 70% of all Fibonacci Retracements drop between a 50% and 61.8% retracement area.

To see the video I talk about above go to Mind Blowing Stock Chart Pattern