This trendline is crucial support for the S&P 500

Posted on by The INO.com Team

This is going to be a short video, but one I believe is important to all traders and investors.

The video runs two minutes and 18 seconds and shows you one key element that I think can make or break the S&P 500 market.

Please feel free to comment on our blog with your thoughts on this market.

As always our videos are free to watch and there are no registration requirements needed.

All the best,
Adam Hewison
President of INO.com Co-founder of MarketClub.com

11 thoughts on “This trendline is crucial support for the S&P 500”

  1. That confirms what I thought (monthly and weekly), so why (at 2:08 in vid) did you say "... the weekly has to turn down AND the daily has to turn down" ? It still doesn't make sense why you mention the daily also.

  2. You say at the end of the video that all 3 triangles have to turn down. I thought daily only came into play for commodities, so a short sig for the SP500 would be only be bearish monthly and weekly, right ?

    1. Dave,

      How "Trade Triangles" work in stock indices
      The major "Trade Triangle" to watch in trading indices is the monthly "Trade Triangle" as this triangle determines the trend. We use the weekly "Trade Triangles" for timing purposes. Let me give you an example, if the last monthly "Trade Triangle" is green this indicates that the major trend is up for that index. You would then use the initial monthly "Trade Triangle" as an entry point and use the weekly red "Trade Triangle" as a stop out point. You would only reenter a long position if and when a green "Trade Triangle" kicked in. You would then use a weekly red "Trade Triangle" as a stop out point. Providing that a monthly green "Trade Triangle" is in place the trend is positive for that index. The reverse is true if a red monthly "Trade Triangle" shows that the trend is down. You would then use the weekly "Trade Triangle" for entering and exiting the market.

      Thanks,
      Adam

  4. My question is; are the three stooges(Obama,Bernanke and Guithner)going to let it fall or do they even have any control over it?

  5. It looks like that trend line has been broken. Is this the start of the large drop or just a hiccup?

  7. Wednesday, market close update:
    Well folks the markets got crushed today, closing below the 1,095.76 Fibonacci Level,
    right at the 50 day MA -- on higher volume.
    But remember, the Plunge Protection Team will do their best to push
    the market back up by this Friday, and the Market Makers will have to cover their put/call ratios
    on Options Expiration Day, the 3rd Friday 8/20.
    So if your bearish, you'll still have time to participate and go short
    on the next bounce or two.
    If the 1056.88 gets taken out (remember to watch for ''confirming'' candles),
    then the double bottom at 1010.91 will be the next target for short profits.
    Cheers 😉

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