{"id":19641,"date":"2012-07-18T15:36:17","date_gmt":"2012-07-18T19:36:17","guid":{"rendered":"http:\/\/www.thedisciplinedinvestor.com\/blog\/?p=19641"},"modified":"2016-09-20T19:30:55","modified_gmt":"2016-09-20T23:30:55","slug":"are-we-hitting-a-top-for-the-sp-500","status":"publish","type":"post","link":"https:\/\/thedisciplinedinvestor.com\/blog\/2012\/07\/18\/are-we-hitting-a-top-for-the-sp-500\/","title":{"rendered":"Are We Hitting A Top for The S&#038;P 500?"},"content":{"rendered":"<p>It is looking like there is some significant resistance for the S&amp;P at these levels. Surely a top could come at anytime as the daily news flow dictates the overall trend. Markets clearly have limited memory from day to day and this is about as good of a time as any to look at the technicals and see if there is anything to worry about.<\/p>\n<p>From a purely technical stance, there is resistance at the 1,375 +\/- level. Fundamentally, there is nothing to cheer <!--more-->about and the only thing that seems to move markets is the threat of additional stimulus. For now, it appears that if the S&amp;P 500 does not close above resistance, it marks a near-term top for the index.<\/p>\n<p>We are making adjustments to <a href=\"http:\/\/www.thedisciplinedinvestor.com\/blog\/mailbox\/tdi-investment-fund\/\"><strong>trading portfolios<\/strong><\/a> accordingly.<br \/>\n<a href=\"https:\/\/thedisciplinedinvestor.com\/blog\/wp-content\/uploads\/2012\/07\/sp_technicals-1.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-19652 aligncenter\" title=\"sp_technicals\" src=\"https:\/\/thedisciplinedinvestor.com\/blog\/wp-content\/uploads\/2012\/07\/sp_technicals-1.jpg\" alt=\"\" width=\"689\" height=\"440\" \/><\/a><\/p>\n<p>Obviously technical analysis is a fluid process and any view will change depending on the actual levels. So, this is just an FYI to keep in mind.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>It is looking like there is some significant resistance for the S&amp;P at these levels. Surely a top could come at anytime as the daily news flow dictates the overall trend. Markets clearly have limited memory from day to day and this is about as good of a time as any to look at the [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[12],"tags":[483,165],"class_list":["post-19641","post","type-post","status-publish","format-standard","hentry","category-markets","tag-markets","tag-technical-analysis","et-doesnt-have-format-content","et_post_format-et-post-format-standard"],"acf":[],"_links":{"self":[{"href":"https:\/\/thedisciplinedinvestor.com\/blog\/wp-json\/wp\/v2\/posts\/19641","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/thedisciplinedinvestor.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/thedisciplinedinvestor.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/thedisciplinedinvestor.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/thedisciplinedinvestor.com\/blog\/wp-json\/wp\/v2\/comments?post=19641"}],"version-history":[{"count":0,"href":"https:\/\/thedisciplinedinvestor.com\/blog\/wp-json\/wp\/v2\/posts\/19641\/revisions"}],"wp:attachment":[{"href":"https:\/\/thedisciplinedinvestor.com\/blog\/wp-json\/wp\/v2\/media?parent=19641"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/thedisciplinedinvestor.com\/blog\/wp-json\/wp\/v2\/categories?post=19641"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/thedisciplinedinvestor.com\/blog\/wp-json\/wp\/v2\/tags?post=19641"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}