S&P 500 Index: graphic analysis by starman45

We are very high.
The index took a break.
But the buyers are in the area: good close above 1218.
Chart daily (courtesy of ProRealTime.com)

Attached Image (click to enlarge)

As provided in previous posts, buyers returned to the attack.
Today has been reached new highs this year, but closed with a shooting star.
We'll see ...
Chart daily (courtesy of ProRealTime.com)

Today, the index has attempted to invalidate the shooting star on December 7.
The buyers have a lot of courage and should not bring down the index in 1218, because in that area there may be many sellers
Close still green @ 1233. It's the highest close of the year.
Chart daily (courtesy of ProRealTime.com)

Watch the supply

yeah will be interresting to watch if the second retest of the breakdown will be succesfull too...

The area 1250 is very hard.
There will be a great battle between buyers and sellers.
Chart monthly (courtesy of ProRealTime.com)

The momentum was again attenuated.
Daily close just above the close of the last candle.
Currently, only profit-taking.

Chart daily (courtesy of ProRealTime.com)

I agree with you guys...Just did some charting on the monthly and Weeklies and some resistance looks to be overhead. We will see how the market reacts.

The weekly notice that the price is compressed, because the resistance to 1250 is frightening.
Buyers are still in control, but the momentum has slowed.
Chart weekly (courtesy of FreeStockCharts.com)

Now the index has recovered momentum, and has overcome the resistance to 1250 strongly, approaching the next level in place 1267.
However, it is likely a retest of 1250.

Chart daily (courtesy of ProRealTime.com)

Inside bar on daily chart: is Christmas.
Trend up and buyers in control.
Merry Christmas to you all.

Chart daily (courtesy of FreeStockCharts.com)

Today, bullish engulfing in a festive atmosphere, which means trading range in order to find enough buyers to point to 1267.

Chart daily (courtesy of ProRealTime.com)

Fifth consecutive close above 1250.
Trend is up and buyers are still in control.

Chart daily (courtesy of ProRealTime.com)

Still closer to 1267, despite the festive atmosphere.

Chart daily (courtesy of ProRealTime.com)

Even now open and close above 1250.
The index has lowered the momentum.
It almost seems to want retest 1250 points.
Trend is up.

Chart daily (courtesy of ProRealTime.com)

It ended the year with closing above 1250: this area may soon be retested.

Chart daily (courtesy of ProRealTime.com)

The index has denied the hanging man yesterday and closed @ 1276.86 with a bullish engulfing, ignoring area 1250.
A great race!

Chart daily (courtesy of ProRealTime.com)

I have been following the US indices lately...I am really amazed at the non-fundamental based run-up in the US equity market lately...

Regards,

Nader

The index lost a little momentum for a slight pressure of the sellers.
Good rebound from 1267.
Trend is up and buyers are still in control.

Chart daily (courtesy of FreeStockCharts.com)

Inside bar on daily chart, but situation has not changed, even if you feel the pressure of sellers

Chart daily (courtesy of ProRealTime.com)