Interim Update – Stock Index Report (10/7/18) 2.15 (LEVEL 1 PREVIEW)

by | Oct 7, 2018 | Testing and Prototypes

Hello, askSlim level 1 members! A 10/7/18 Interim Stock Index Report (S.IR.) has been posted. The SIR is designed to provide an analytical framework that supports the development of a trading plan for the three indexes and a proxy for the “health” of overall market direction. We use a proprietary blend of trend and momentum indicators along with Slim’s cycle analysis with the purpose of forecasting potential price objectives both on the upside and downside at multiple timeframes. Comments and questions can be posted below. We invite your feedback. Enjoy!

SPX OVERVIEW - UPDATED

askSlim Annotated – SPX WEEKLY CHART

askSlim Annotated –SPX DAILY CHART

SPX 3M Daily Area Chart with the SLIM Ribbon Trend Momentum Indicator

SPX –  Support/Resistance “Alert” Zones – UPDATED 

NDX OVERVIEW- UPDATED

askSlim Annotated – NDX WEEKLY CHART

askSlim Annotated  –NDX DAILY CHART

NDX 3M Daily Area Chart with the SLIM Ribbon Trend Momentum Indicator

NDX – Support/Resistance “Alert” Zones – UPDATED

RUT OVERVIEW- UPDATED

 

askSlim Annotated – RUT WEEKLY CHART

askSlim Annotated  -RUT DAILY CHART

RUT 3M Daily Area Chart with the SLIM Ribbon Trend Momentum Indicator

RUT – Support/Resistance “Alert” Zones – UPDATED 

SPX_NDX_RUT – TECHNICAL EVIDENCE SUMMARY
Trend Momentum Tracker - Updated

1Month Daily Area Chart “Comparison” with the SLIM Ribbon Trend Momentum Indicator – UPDATED

 

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

askSlim Cycle Analysis Tracker - Updated

Support/Resistance Alert Zones - Updated

 

HELPFUL TIPS:

  • Click on the “down” arrow in front of each section to expand the content and click on the “up” arrow to collapse the content.
  • Click on each chart and table image for the full-size render.
  • 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

Stock Index - Cycle & Trend Momentum Report (S.I.R.) Overview

Intended Production Frequency: A new complete post typically each Thursday morning. The askSlim Trend Momentum Condition Tracker along with Key Support/Resistance Levels are likely to be updated more often – either before or after the market closes when meaningful price changes occur.

The following is our analysis of the S&P 500, Nasdaq 100, and Russell 2000 stock market indexes. The analysis and supporting data is designed to complement swing traders, options traders with holding times lasting several days to several weeks along with position traders with holding times lasting a few months to several months.

Here’s an overview of what’s included below:

Three Charts per Stock Index 

  • Weekly Chart Annotated with Slim’s Cycle Analysis, Timing and Projections
  • Daily Chart with Annotated with Slim’s Cycle Analysis, Timing, Projections
  • Daily Chart overlayed with the Slim Ribbon Trend Momentum indicator reflected on an Area Chart

Two Data “Insight” Tables

  • Multiple Timeframe Analysis Recap
  • askSlim Trend Momentum Condition Tracker

Trend Momentum Condition Tracker Overview

  • Using a proprietary blend of chart indicators our Trend Momentum Tracker is designed to provide insight into the condition of trend momentum at various time frames. NOTE: changes in the momentum conditions reflected in the tracker are not buy/sell signals or recommendations. Click on the following link to learn more about Slim’s Trend Momentum Tracking Tools
  • Chart Color/Icon Key
    • Green/Bull  suggests current price action is reflecting a positive momentum condition.
    • Red/Bear  suggests current price action is reflecting a negative momentum condition.
    • Purple Sideways Arrows suggest current price action is reflecting a neutral momentum condition.
  • askSlim Market Condition Indicator (MCI)
    • The askSlim MCI is proprietary indicator that functions as an oscillator combining information from multiple timeframes. The MCI provides us with an internal market condition reading and is most useful to supporting traders with shorter term trading styles and holding periods .
    • We will use the MCI in our tracker below to primarily compare the short term relative strength of the Stock Indexes and to support our feel for the dominant conditions whether positive or negative of the Stock Indexes.
        • The askSlim MCI is a copyrighted study. It is illegal to share it without permission.

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