George Krum | TalkMarkets | Page 1
Technical Analyst
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George Krum is a trader, author, and developer of many apps and original technical indicators.

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SPX Mid-Year Update
It took the SPX six and a half months to reach our upside target for 2021. In this mid-year update we are focusing on some time cycles and seasonal patterns.
S&P 500 In 2021
We start 2021 with a blank slate, and yearly targets of 3000 and 4400 for the S&P 500.
SPX Targets For The Week Of Nov. 9
While the SPX action of the last few days has been undeniably bullish, the daily market breadth reached overbought levels and is flashing a warning signal, as such high readings normally precede a sideways/down phase.
Targets For The Week Of October 5
The SPX closed at the upside weekly target not once but twice. The technical picture continues to be mixed and will likely remain so for the next several weeks.
SPX Targets For The Week Of Sept. 28
With three months remaining until the end of the year, it is time to shift our focus to the SPX outlook for the remainder of 2020.
Targets For The Week Of Sept. 21
Goldman Sachs and JP Morgan “see the SPX rallying to 3600 by year end." In other words, betting on a resumption of a rally after the current sell-off ends, whenever that may be.
Targets For The Week Of September 14th
The SPX came to within 10 points of our 2020 upside target. The question now is whether the double bottom around 3300 will hold, or whether the SPX will continue sliding further down. The technical outlook is mixed.
Targets For The Week Of August 31st
Last week we noted that market breadth is signaling a transition to a new sideways/up phase. The SPX started the week with a breakout above the February ATH and never looked back. Now the stage is set for the next sideways/down phase.
Targets For The Week Of August 24th
Currently, market breadth is signaling a transition to a new sideways/up phase. A weekly reversal will be triggered with a break below 3350.
Targets For The Week Of August 17th
The inability of the SPX to break decisively above the ATH is consistent with our market breadth analysis which indicates that the major indices are in a sideways/down phase.
Targets For The Week Of August 10th
The Dollar index seems to have found a temporary double bottom, and this was reflected in G5 price action. A fresh round of stimulus measures, however, may very well lead to renewed USD weakness:
Targets For The Week Of July 27th
Once again, the SPX finds itself at a critical juncture, finishing the week above key support levels. 3200 is the last technical resistance level below the February highs, and is the pivot line for next week which keeps the same targets:
Targets For The Week Of July 6
Last week we cautioned about the dangers of complacency and suggested that odds favor shorting rallies. The uninterrupted four-day advance during the shortened holiday week provides a textbook opportunity to short the rally.
Targets For The Week Of June 29th
The weekly signal turned bearish for the first time in two months, suggesting that odds favor shorting rallies
Targets For The Week Of June 22
The major indices fared pretty well considering all the anxiety surrounding the onset of the second wave of COVID-19. Nevertheless, the technical picture remains mixed.
Targets For Week Of June 15
The sell-off should have come as no surprise. It was telegraphed by the inability of the SPX to break above the 3210-3220 resistance zone identified last week.
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