May 10, 2017
S&P 500 Index Charting Support Resistance
The 2017 French presidential election was held on 23 April and the coming May 7. What will the market response to this election. Can not see any correlationship as yet. But after the elected president come on board things could be different, watch for month one, month two, … or year one, year two. Will Emmanuel Macron or Marine Le Pen breakout for the rest to become the number one. …
You could understand more from the following link, https://en.wikipedia.org/wiki/French_presidential_election,_2017.
The stock price fail to breakout higher many months resistance. Will the bull be trapped? See chart for more.
Our last analysis was the shooting star retest the high. Since then the price has been sideways.
The analysis here is intended to be a tutorial only. We look at the chart from different views. We mainly study the popular stocks in US market and Singapore. Hope you can learn something. There is no right no wrong.
Moses Stock Analysis
AmiBrokerAcademy.com
Disclaimer
The above result is for illustration purpose. It is not meant to be used for buy or sell decision. We do not recommend any particular stocks. If particular stocks of such are mentioned, they are meant as demonstration of Amibroker as a powerful charting software and MACD. Amibroker can program to scan the stocks for buy and sell signals.
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