Hewsion Video on the SP500 Conundrum

Jun 7, 2009: 1:04 PM CST

Back in the Digital Studios at Market Club, Adam Hewison released a new video this morning entitled “The S&P 500 Conundrum” which details the current structure of the market and insights into a couple of indicator readings with trade triangles.

In the chart above, Adam is showing the two recent Weekly (where his pointer is) and monthly “Trade Triangle” buy signals on the chart.

He’s also using the Williams %R indicator which is showing a distinct negative momentum divergence forming into the June highs (as is my 3/10 Oscillator and other momentum indicators).

In the introduction to the video, Adam writes:

“A conundrum wrapped in an enigma… that’s the S&P 500 index.

I was just looking at the S&P 500 index as we come to a close for the week of June 6th. While the market appears to be higher for week, it also appears that we’re losing momentum on the upside.

This can be seen in the second attempt to close over the 950 level. Also some of our momentum indicators are showing negative divergences.

This means that while the S&P 500 is making new highs for the move, the momentum indicators are not showing the same configuration and making new highs. This can often be the first clue of a potential market correction.

In this short video on the S&P 500, you’ll will see exactly what I’m looking at and why.”

These videos are always free and do not require registration, and – like me – add an educational/teaching component into the analysis.

Corey Rosenbloom, CMT
Afraid to Trade.com

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4 Comments

4 Responses to “Hewsion Video on the SP500 Conundrum”

  1. Bob Says:

    Corey,

  2. Bob Says:

    Ooops…

    The link to market club postings is good. Their learning format is slick. I find written assesments of visuals, a difficult exercise. I hope you can migrate to the use of such flash-like applications on your site. Just one more layer of technology to learn.

  3. Bob Says:

    Corey,

  4. Bob Says:

    Ooops…

    The link to market club postings is good. Their learning format is slick. I find written assesments of visuals, a difficult exercise. I hope you can migrate to the use of such flash-like applications on your site. Just one more layer of technology to learn.