{"id":1221,"date":"2009-04-03T13:15:16","date_gmt":"2009-04-03T18:15:16","guid":{"rendered":"http:\/\/countingpips.com\/fx\/?p=1221"},"modified":"2009-04-03T13:15:16","modified_gmt":"2009-04-03T18:15:16","slug":"what-now-for-the-sp","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/fx\/2009\/04\/03\/what-now-for-the-sp\/","title":{"rendered":"What now for the S&#038;P?"},"content":{"rendered":"<p><span style=\"color: #888888;\">By Adam Hewison<\/span><\/p>\n<p>The dramatic run up that we have seen in the S&amp;P 500 may be coming to an end. The retracement back over the 840 level should provide sufficient resistance to reverse this market to the downside.<\/p>\n<p>Now here is the caveat, our long-term indicator, the monthly \u201cTrade Triangle\u201d remains negative on this market. While the direction of our weekly timing \u201cTrade Triangle\u201d is on the sidelines and neutral. This has created a conflict, meaning that conservative traders should remain on the sidelines to protect capital.<\/p>\n<p>I am looking for an area to once again get short this market and trade with the major trend in our favor.<\/p>\n<p>My downside target zone is for an eventual move down to the 500 level. Only if we take out highs as I mention in the video, then this analysis will change.<\/p>\n<p>I hope you enjoy this short video. I will cover two important elements in trading: the Elliott wave theory, and the other is the Fibonacci retracement levels that I like to watch and trade with.<\/p>\n<p><a href=\"http:\/\/www.ino.com\/info\/327\/CD3344\/&amp;dp=0&amp;l=0&amp;campaignid=3\" target=\"_blank\"><strong>See the Video<\/strong><\/a><\/p>\n<p>As always, the video is available with our compliments and there is no requirement to register to watch this video.<\/p>\n<p>All the best,<br \/>\nAdam Hewison<\/p>\n<p>President, INO.com<br \/>\nCo-creator, MarketClub<\/p>\n","protected":false},"excerpt":{"rendered":"<p>By Adam Hewison &#8211; The dramatic run up that we have seen in the S&#038;P 500 may be coming to an end. The retracement back over the 840 level should&#8230;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-1221","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/1221","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/comments?post=1221"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/1221\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/media?parent=1221"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/categories?post=1221"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/tags?post=1221"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}