Welcome to S&P 500 yearly analysis. Last year S&P 500 spike to the all time high. But all in all finished year on red. Charts looks very interesting, especially when we take a look at 2015 yearly candle. Also volume increased last year. Was bigger than in 2014 and also in 2013. But still much lower than <2009.
Below you will find updated charts of S&P 500 – on hourly, daily, weekly, monthly and yearly interval!
S&P 500 analysis – yearly.
Last year I mentioned possible move up to 2350-2400. Stil this level is very likely to happen. But situation change a little bit. When I take a look at last year candle – it looks similiar to 2011. But since then S&P 500 moves up a lot. Economic situation all over the world also is not the best.
Last year all move down were very quick and right after bulls reminded who is in charge 🙂
S&P 500 analysis – monthly.
Currently most important resistance level: 1134 – last year high (all time high). But before that – I’m watching 1104, 1112, 1116, 1132 and finally 1134. If we move above that – I think 2350-2400 might happen.
Support – most important is on 1867. If we have a breakdown below this level – bearish market will be in play.
Take a look at volume. We are above average from 2013-2014, but still below volume that were on market <2009.
S&P 500 analysis – weekly.
On weekly chart I’ve been watching 2005-2008 level and 1993. If we have a breakdown – I think it will be at least 100 points down.
Resistance – the same as mentioned on monthly chart.
S&P 500 analysis – daily.
If on Monday, market will move below 2044 – I think we can move to 2005-1993.
S&P 500 analysis – hourly.
Ideally will be if S&P 500 moves to lower range – about 1970.
What is your opinion about market? Please add you comment below.
