Outlook for Tuesday

(4/27/15)

The S&P 500 gapped up at the open today making a new all time high and then reversed back to the downside through the afternoon.  Overall we have a potential Bearish Butterfly pattern in place so we shall see if it follows through to the downside in the days ahead.  An example is shown below.

 

Key support the next few days looks to be around the 2090 level which is along an upward trend line that began with February's low.  The S&P 500 found support along this trend line "7" days ago (point E).

 

Tuesday's Buy Signals

 

Primary Secondary RSI Williams Fisher TRIN Volatility Money Money Put to VWAP Advance Signal
RSI Long RSI
Long
Max/Min %R Transform S&P 500 Bands Flow Flow/
TRIN
Call Ratio   Decline Strength
Signal Signal  Signal Signal  Signal Signal  Signal Signal  Signal Signal Signal Ratio  
No No No No No No No No No No No No

When 6 or more Signals are generated that is a Strong Buy Signal
When 3 to 5 Signals are generated that is a Moderate Buy Signal
When only 1 or 2 Signals are generated that is a Weak Buy Signal

 
Tuesday's Sell Signals
 
Advance Fisher ROC RSI VWAP Volatility Volatility TRIN Signal
Decline  Transform VWAP Max Percent Index Bands S&P 500 Strength
Ratio Signal Signal  Signal Signal Signal  Signal Signal   
No No No No No No No No  

When 5 or more Signals are generated that is a Strong Sell Signal
When 3 to 4 Signals are generated that is a Moderate Sell Signal
When only 1 or 2 Signals are generated that is a Weak Sell Signal

 

When a Buy or Short Signal is triggered numbers will be entered into the table below.
ETF Tuesday's Buy/Short Signal Entry Initial Stop Trailing Stop 1st Target 2nd Target 3rd 
Target
Signals Date Price Price Price Price Price Price
SPY

  

 

 

 

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