Monday, February 25, 2019

SPY - DailyThe SPDR S&P 500 ETF (SPY) has recorded a TD Sell Setup @8, and paves the way for a likely TD Sell Setup @9 at the close of Monday’s session. Given the TD Trend Factor sitting at 285.75, it is quite possible a buy climax or an exhaustion gap can occur this week or at another time in the near future. If a selloff does commence this week, any buying opportunity can come if the four hour SPY TDST Support level at 270.03 holds (SPX equivalent at 2703.79). It would be worrisome if the TDST Support levels cannot hold as it would also potentially price flip the weekly charts.


S&P 500 (SPX) SHORT TERM OUTLOOK: NEUTRAL

Bearish if SPX closes below 2781.05 mid-session or below 2779.76 at the close of Monday, February 25, 2019.

SPX - Four Hour


S&P 500 (SPX) SHORT/INTERMEDIATE TERM OUTLOOK: NEUTRAL

Bearish if SPX closes below 2779.76 at the close of Monday, February 25, 2019

SPX - Daily


S&P 500 (SPX) INTERMEDIATE TERM OUTLOOK: NEUTRAL

Neutral until further notice

SPX - Weekly


S&P 500 (SPX) LONG TERM OUTLOOK: BEARISH

Neutral if SPX closes above 2711.74 on Thursday, February 28, 2019

SPX - Monthly


 

Monday, February 25, 2019