SIR Daily Snapshot_ v.2.79_March-19-20

It is a fundamental truth that the inherent nature of the markets always offers the possibility that anything can happen. Risk is always present for upside and downside surprises. As traders, we should be cognizant of this fact and structure our trade planning and risk management accordingly – whether the technical evidence is clearly bullish, bearish or neutral with mixed signals. At askSlim we are bull/bear agnostic. The market messages drive our technical outlook. The analysis contained in the SIR products is developed as much as possible from a proprietary blend of objectively engineered trend, momentum and cycle studies and we look for alignment at multiple timeframes so we can provide the highest probability of directional bias along with projected key support and resistance levels. We will always provide upside and downside viewpoints as well.

S-T Directional Bias and Technical Briefing (few days to few weeks outlook): The sum of the technical evidence as of 3/19/20 @ 9 AM CST suggests the overall short-term technical condition is still firmly bearish while still displaying extremely oversold readings. A near-term (1-5) trading sessions advance is likely to challenge the current key minor resistance zone from  2493-2619. If we get a break below 2305 we are watching 2277-2230 as the next key major support zone. 

Upside Overview:

• Short-Term Swing Trader (Few days to few weeks) –
  • Currently the SPX has a KEY minor resistance level from 2493-2619
  • Currently the SPX has a S-T resistance zone from 2705-2808
    
  • Currently the SPX has a key S-T resistance zone from 2809-2950

Downside Overview:

• Short-Term Swing Trader (Few days to few weeks) –
  • The next major support zones run from 2277-2230 then 2148-2078

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15 minute Chart with Intraday Support, Resistance, HMA (Reversal “Scout”) and Breakout/Acceleration Zones- (with upcoming session view)

See the Zoom Live Stream for the most current SIR Intraday Grid data and price action https://zoom.us/j/489759211?pwd=cG13dWVuMVRVUkhEUW1TcUpzUS9oZz09

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2-HR Chart with Slim Ribbon Momentum Indicator, HMA (Reversal “Scout”) and Key S-T Support & Resistance Zones and Technical Notes

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Slim’s Annotated SPX Daily Chart with additional Slim Ribbon Momentum Indicator and Hull Moving Average (“Reversal Scout”)

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15 minute Chart with Intraday Support, Resistance, HMA (Reversal “Scout”) and Breakout/Acceleration Zones- (with upcoming session view)

See the Zoom Live Stream for the most current SIR Intraday Grid data and price action…https://zoom.us/j/489759211?pwd=cG13dWVuMVRVUkhEUW1TcUpzUS9oZz09

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2-HR Chart with Slim Ribbon Momentum Indicator, HMA (Reversal “Scout”) and Key S-T Support & Resistance Zones

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Slim’s Annotated NDX Daily Chart with additional Slim Ribbon Momentum Indicator and Hull Moving Average (“Reversal Scout”) 

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15 minute Chart with Intraday Support, Resistance, HMA (Reversal “Scout”) and Breakout/Acceleration Zones- CHART  (with upcoming session view)

See the Zoom Live Stream for the most current SIR Intraday Grid data and price action…https://zoom.us/j/489759211?pwd=cG13dWVuMVRVUkhEUW1TcUpzUS9oZz09

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2-HR Chart with Slim Ribbon Momentum Indicator, HMA (Reversal “Scout”) and Key S-T Support & Resistance Zones

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Slim’s Annotated RUT Daily Chart with additional Slim Ribbon Momentum Indicator and Hull Moving Average (“Reversal Scout”)

*askSlim Trend & Momentum Tracker

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2hr Intraday Area Chart “Comparison” with SLIM Ribbon Momentum Indicator & MCI

• Slim Ribbon Momentum Key
  Green = Positive Momentum
  Red = Negative Momentum 
  Purple = Neutral Momentum
• Hull Moving Average (HMA) Key
  Green = Positive Condition
  Purple = Negative Condition
  

 

• New to Slim’s Charts? Click the following link to learn more. Slim’s Chart Training

 

• Click on the following link to learn more about Slim’s Trend Momentum Tracking Tool

 

• Our use of “Near-Term” refers to the use of 2hr intraday charts and other trend analysis that is assimilated from market data over the last 5-7 trading days. Our use of “Short-Term” refers to the use of primarily daily charts and other trend analysis that is assimilated from market data over the last few to several weeks. Our use of “Intermediate-Term” refers to the use of primarily weekly charts and other trend analysis that is assimilated from market data over the last several weeks to several months. Our use of “Long-Term” refers to the use of primarily monthly charts and other trend analysis that is assimilated from market data over the last several months to several years.