S&P price chart analysis on the weekly time frame 2014-Current
In line with the "Keep it simple stupid" philosophy, my trend analysis shows that when the 13 SMA crosses the 48 SMA, it is a notable occurrence, possibly indicating a change in trend upcoming. My buy or sell decision occurs when the red 48 SMA turns down (Bear) or up (Bull) and I'll stay in the trade watching the price candles ride underneath or over top of the 48 SMA. This simple strategy shows me possible % gains if playing various long or short market equity instruments and entering/exiting the trade near or at these occurrences.
The 13/48 SMA crossed back in April, AND shortly after, the 48 SMA started sloping down (Bear) Also notice that the candles have not yet broke the 200 SMA, so this could still turn around (longterm Bull) and continue up. I'll watch for a break of the small trendline before a rebuy (with stop limit). If it breaks the 200 SMA downwards I'm completely out until the opposite occurs, 13/48 SMA cross and 48 sloping up again.
I generally use Heikin-Ashi candles for simplicity/clarity and also remove the wicks.
None of this should be interpreted as financial advice, I am not a professional or certified financial adviser! all charts, and or analysis' are my personal opinions and observations only!
In line with the "Keep it simple stupid" philosophy, my trend analysis shows that when the 13 SMA crosses the 48 SMA, it is a notable occurrence, possibly indicating a change in trend upcoming. My buy or sell decision occurs when the red 48 SMA turns down (Bear) or up (Bull) and I'll stay in the trade watching the price candles ride underneath or over top of the 48 SMA. This simple strategy shows me possible % gains if playing various long or short market equity instruments and entering/exiting the trade near or at these occurrences.
The 13/48 SMA crossed back in April, AND shortly after, the 48 SMA started sloping down (Bear) Also notice that the candles have not yet broke the 200 SMA, so this could still turn around (longterm Bull) and continue up. I'll watch for a break of the small trendline before a rebuy (with stop limit). If it breaks the 200 SMA downwards I'm completely out until the opposite occurs, 13/48 SMA cross and 48 sloping up again.
I generally use Heikin-Ashi candles for simplicity/clarity and also remove the wicks.
None of this should be interpreted as financial advice, I am not a professional or certified financial adviser! all charts, and or analysis' are my personal opinions and observations only!