May 30...s&p tech table...

For folks who have no idea what the tech table is, please visit an awesome site for Indian market technical analysis called "Just Nifty" ( http://tradeinniftyonly.blogspot.com/ ). Here there is documentation on how to use tech table. It is a bit complicated but an extremely good way to see trend changes, weakness/strength in any equity or index. Here I have tried to reproduce the same for S&P. I have started to collect data only from April. So some information might be missing ( like monthly trend ). Below the tech table, I have given my synopsis of what the current market state is.



Weekly trend is still down.
Daily trend shows a pause and some possible correction.
Needs to close above 1119 for weekly trend to turn upward. Confirmation of uptrend will be after break of 1157.

Disclaimer: I am not responsible for your trades. All data and notes here - no guarantees.