S&P 500 is Down for the 2nd Day in a Row

The Daily View for S&P 500

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  • S&P 500 has seen its price go down 28 out of the past 30 days, thus creating some compelling opportunities for bears.
  • From a daily perspective, the market looks fairly choppy; clear trends aren’t showing up on the 20, 50 and 100 day timeframes.
  • The moving averages on the daily timeframe suggest a bullishness in price, as the 20, 50, 100 and 200 are all in a bullish alignment — meaning the shorter durations are above the longer duration averages, implying a sound upward trend.
  • Divergence between SPX’s price and its RSI may be manifesting. As such, be on the lookout for trend reversal in SPX’s price.

Below is a daily price chart of S&P 500.

SPX

Featured S&P 500 Idea From TradingView

Below is a trading comment entitled Comparing hedge funds to retail investors you may find interesting:

Here are some of the average profits and losses of the client of a Forex broker:From the 01/03/2014 to the 31/03/2015 FXCM accounts on the GBPJPY:- Average winner was 39 “pips” (“percentage in point” that are not percentages in points- Average loser was 64 “pips”In that period the GBPJPY ATR was:- On daily candles 140 “pips”- On 12 hour candles 90 “pips”- On 4 hour candles 55 “pips”So on GBPJPY their average “investment” was held for about 4 hours.Remember the few investors holding for weeks or months push the average tremendously up.And on USDCAD:- Average winner was 61 “pips”- Average loser was 75 “pips”In that period the USDCAD ATR was:- On daily candles 75 “pips”- On 12 hour candles 55 “pips”- On 4 hour candles 30 “pips”So USDCAD was trending and clearly non-daytraders moved the average up, but still, it’s the same on all currencies, a total disregard for the range (and safe to assume market conditions or structure) they all always go for “40 pips” “winners” no matter if that takes 1 hour or 16 hours.https://www.tradingview.com/x/pbMw8WOa/Looking at profits assuming everything else is equal (lower timeframes don’t add randomness), what would be most optimal?Assume making 1R every 4 tradesSpread = 1.5p => -6p/4tHere is the cost to performance: 15 min R = 3p ==> – 200%4 hours R = 10p ==> – 60% 2 days R = 40p ==> -15% 1 week R = 75p ==> -8%1 month R = 175p => …

MrRenev