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SPDR S&P 500 Technical Analysis For Market Open June 28 2010

Posted On : April 14th, 2012 | Updated On : April 22nd, 2012

FTV posts a new stock market analysis video for you weekend technical analysis research warriors. I dig how the stock market analyst for Free Trading Videos comments on Friday's Doji and how a Doji only signals a turnaround at the time you get a corroboration day that breaks either the Doji day's high or low depending on wherever the Doji appears. For example, if you examine the Doji on SPX on Friday, June 25 2010, you need a break, or even better a close, above Friday's high of 1083.56 Provided we see that early next week, FTV says we will have a higher swing low in place and it's safe to go long with a short time frame. I'm a bit less positive than FTV for the odds of a long swing trade setting up for us. With the weekly chart of the S&P 500 forming a Bearish Engulfing last week and the close by proximity we have to closing the Bearish Head and Shoulders Top pattern, I believe it will be too tricky to nail a big upswing stock trade for most investors. Nevertheless this is a great stock market analysis video you should watch. In addition here is a listing of the significant economic reports coming next week that might manipulate this market, especially Consumer Confidence that comes out on Tuesday July 29th. I bet at some future point in time Consumer Confidence is going to show a drop thanks to Republicans in Congress jamming the extension of Unemployment Benefits. Often the passage of unemployment benefits extensions has gone like this; Republicans are in opposition to the extension, then in the 11th hour the measure is passed. Not this time. This time all Republicans in the Senate and one Democrat, Ben Nelson from Nebraska, blocked a vote to continue unemployment benefits. That decision will potentially cut off benefits for 1.2 million Americans which will result in a big hit to consumer confidence among other things. Jun 28 08:30 Personal Income Jun 28 08:30 Personal Spending Jun 28 08:30 PCE Prices Jun 29 10:00 Consumer Confidence Jun 30 09:45 Chicago PMI Jun Jun 30 10:30 Crude Inventories Jul 01 08:30 Continuing Claims Jul 01 08:30 Initial Claims Jul 01 10:00 Construction Spending Jul 01 10:00 ISM Index Jun Jul 01 10:00 Pending Home Sales May Jul 01 14:00 Auto Sales Jun Jul 01 14:00 Truck Sales Jun Jul 02 08:30 Nonfarm Payrolls Jun Jul 02 08:30 Unemployment Rate Jun Jul 02 10:00 Factory Orders May

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