S&P 500 : The S&P 500 index has entered the Bullish zone this week, maintaining an upward trend.
The S&P 500 index has entered the Bullish zone this week, maintaining an upward trend. The current state has transitioned from a rebound trend to an uptrend, as mentioned last week. However, a trend is gradually emerging, indicating a correction trend with a weakening buying momentum, as mentioned in the past week. With this trend likely to continue for a while, temporary strong upward and downward fluctuations are anticipated. It is projected that a transition to a correction trend will occur around the focal point of the next 1-2 weeks.
Until early November, the likelihood of entering the Bullish zone seemed low, and from mid-November, a strong downward trend was expected to resume. However, considering the final trend that unfolded until last week in mid-November, it is confirmed that inflation is easing with the release of CPI and PPI indicators. The market sentiment is spreading with expectations of a halt in interest rate hikes and anticipation of a decrease. As a result, the weekly price trend in the US stock market has entered the Bullish zone, and the outlook for a strong downward trend entry needs to be adjusted.
With inflation easing and the market expecting a shift from rate hikes to rate cuts, it appears that the overall buying strength will be maintained satisfactorily as the trend progresses in the Bullish zone. There is a need for a revision in the outlook, and it is anticipated that after a brief correction trend around early December, a sparkling year-end rally will unfold.
Nov 20, 2023 | |||
◆ Closed price | |||
4,559.34 | 1.00% |
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◆ Appropriate Investment Position: Bullish-Buy [Long-term strategy] | |||
◆Thisweek's Buy-Sell intensity analysis | |||
The current trend appears to be 'Entering a correction trend'. The OPEN-price started with a stronger decline rate than the current trend and The HIGH and LOW prices are showing a weaker HIGH-price and a weaker LOW-price Finally, the CLOSE-price closed with a weaker upward rate than the current trend. | |||
The overall buy-and-sell intensity indicates that the buy intensity is stronger than the sell. | |||
Assuming that the average buy intensity is 100%, | |||
This week's buy intensity is | 70% | | |
◆ Next week's Buy-Sell intensity Prediction | |||
Based on recent market trends and technical analysis, it looks like S&P 500 will enter an Correction trend next week | |||
The %intensity of Risk & Return next week : | 22% | ||
HIGH ~ LOW % range next week : | 1.4% | -0.1% | |
Predicted Average return over the next 3 weeks: | 4.7% | ||
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◆ S&P 500 stock market 10 Week prediction [Short-term strategy] | |||
It is expected that the overall trend movement over the next 10 weeks will follow an ascending rectangle pattern, with a ratio of 5 : 5 for the downward to upward direction, with the proportion of the upward and downward trend being equal. And, in terms of the expected strength of the upward and downward movements, the upward strength is somewhat higher, while the downward strength is moderate. Currently, it's about to begin a correction trend as an upward trend gradually gives way to a slowdown in rises and falling fluctuations. and It's maintaining a suitable Buy-Sell intensity for the current trend conditions. | |||
Indicating that We are currently in a bullish zone. Therefore, it is recommended to implement a strategy to increase profits and take a suitable investing position. A suitable investing position is 'Buy(Bullish) and Hold' for now. The appropriate buying timing is predicted to be in 5 weeks. | |||
The buying date is | Dec 18 | to | Dec 25 |
A good price to buy a stock: | $ 4,584.54 | ||
And the appropriate selling timing is predicted to be in 8 weeks. | |||
The selling date is | Jan 08 | to | Jan 15 |
A good price to sell a stock: | $ 4,848.84 | ||
(Prediction may shift due to changes in the Buy-Sell intensity) | |||
◆ Volatility of Prediction | |||
Due to maintaining a proper flow of Buy-Sell intensity that is suitable for the current trend, pretiming predictions may have low volatility. | |||
◆ Predicting the Turning Point of the Trend | |||
The probability of a trend reversal occurring approximately 2 weeks from now, 6 weeks from now, 9 weeks from now | | ||
◆ Prediction of Upper~Lower price range over the next 10 weeks | |||
Price: | 4,468.15 | ~ | 4,803.27 |
% Change: | -2.0% | ~ | 5.4% |
Median price between the upper and lower prices | 4,635.71 | 1.7% | |
◆ Analysis of the trend zone & level% and average intensity of trends | |||
For the last 30 weeks, the average trend zone & level% | Bullish | 12% | |
The Current trend zone & level% | Bullish | 28% | |
The expected average trend zone & level% for the next 10 weeks | Bullish | 48% | |
If the trend moves upward from the current trend level%, it's expected to have an average upward strength of | 55% | (Max 100%) | |
And if it moves downward, it is expected to have a downward strength of | -36% | (Min -100%) | |
◆ Prediction the intensity of the trend and the range of the HIGH ~ LOW | |||
Trend | %Intensity | HIGH | LOW |
In 1 week: Entering a correction trend | 22% | 1.4% | -0.1% |
In 2 weeks: Entering a correction trend | 9% | 1.5% | 0.0% |
In 3 weeks: Correction trend | 0% | 2.4% | -0.1% |
In 4 weeks: Correction trend | -47% | 0.6% | -1.6% |
In 5 weeks: Entering an uptrend | -26% | 0.0% | -0.9% |
In 6 weeks: Entering an uptrend | 68% | 2.1% | 0.0% |
In 7 weeks: Uptrend | 84% | 1.9% | -0.4% |
In 8 weeks: Entering a correction trend | 89% | 2.7% | 0.3% |
In 9 weeks: Entering a correction trend | -24% | 0.1% | -0.5% |
In 10 weeks: Correction trend | -46% | 0.2% | -2.4% |
◆ Average closing price in case of rising: | | 1.8% | |
=> HIGH ~ LOW range: | 2.3% | ~ | -1.0% |
◆ Average closing price in case of falling: | | -1.5% | |
=> HIGH ~ LOW range: | 1.1% | ~ | -2.5% |
The 10-week prediction and technical analysis of the S&P 500 index are conducted based on the analysis of buy-sell intensity by the pretiming analysis. This analysis provides detailed information on various aspects, including the best stocks to buy, stock price targets, and investment strategies. It also includes bearish and bullish stock trend analysis as well as stock technical analysis. |
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