by Chris Kimble | Oct 30, 2019 | Kimble Charting
The S&P 500 Index appears to be setting up for an important breakout “TEST”. Stock market bulls are cheering for a breakout, while bears are looking for a pullback off resistance. In today’s chart, we look at the S&P 500 Index on a longer-term “weekly” basis....
by Chris Kimble | Sep 24, 2019 | Kimble Charting
Is the S&P facing a 28-year breakout/resistance test as well as an important Fibonacci extension level at the same time? Looks like it! The chart looks at the S&P 500 since the early 1990’s. It has spent the majority of the past 28-years inside of rising...
by Chris Kimble | Aug 23, 2019 | Kimble Charting
Does history at important junctures ever repeat itself exactly? Nope Do look-alike patterns take place at important price points? Yup This chart looks at the S&P 500 over the past 20-years. In 2000 and 2007 bearish momentum divergences took place months ahead of...
by Chris Kimble | Aug 6, 2019 | Kimble Charting
Did the S&P 500 send a “Kiss Good-Bye” message at the close of last month? We should find out very soon! The chart looks at the S&P 500 on a monthly basis over the past 18-years. Since the 2009 lows, the S&P has remained above an important...
by Chris Kimble | Jul 22, 2019 | Kimble Charting
Crude Oil (NYSEARCA: USO) and the S&P 500 Index (INDEXSP: .INX) have peaked and bottomed together several times in the past 9 months. See points (1) and (2) on the chart above. In summary, the correlation between Oil and the stock market has been quite interesting...
by Chris Kimble | Jun 24, 2019 | Kimble Charting
The stock market has been on fire of late, rallying up to the edge of price resistance on several indexes. Today, we look at one of those stock market indexes: the Wilshire 5000. The Wilshire 5000 tracks all of the stocks in the US market, so it is a broad-based index...
by Chris Kimble | Jun 13, 2019 | Kimble Charting
For the past decade, Lumber prices have traded within a broad rising trend channel. See (1) on the lumber “weekly” price chart above. Recently lumber prices hit the bottom of that channel and began to bounce higher. This could be good news for the S&P 500 Index...
by Chris Kimble | May 23, 2019 | Kimble Charting
Is the DAX index from Germany about to send a bearish message to stocks in Europe and the States? Sure could! This chart looks at the DAX over the past 9-years. It’s spent the majority of the past 8-years inside of rising channel (1), creating a series of higher...
