{"id":4997,"date":"2009-10-02T15:21:21","date_gmt":"2009-10-02T19:21:21","guid":{"rendered":"http:\/\/www.thedisciplinedinvestor.com\/blog\/?p=4997"},"modified":"2016-09-20T17:28:09","modified_gmt":"2016-09-20T21:28:09","slug":"what-are-the-charts-predicting","status":"publish","type":"post","link":"https:\/\/thedisciplinedinvestor.com\/blog\/2009\/10\/02\/what-are-the-charts-predicting\/","title":{"rendered":"What Are the Charts Predicting?"},"content":{"rendered":"<p>According to a chart that Corey Rosenbloom over at <a href=\"http:\/\/www.afraidtotrade.com\"><strong>Afraid to Trade<\/strong><\/a> sent to me, we are seeing for the first time in a while the ominous RED color come out to visit us for the S&amp;P 500. This is not an ordinary chart. It uses a few indicators inclusive<!--more--> of Average True Range and the <span style=\"color: #ff0000;\"><strong>Red<\/strong><\/span> color bar sell signal on the daily S&amp;P 500 chart corresponds with a downside break of the 20 day exponential moving average on higher volume.<\/p>\n<p>Initial short-term target is the rising 50 day EMA at 1,020, if not a test of the &#8220;round number&#8221; support at 1,000.  Targets below 1,000 include the 960 price high from June and then middle of the &#8220;value area&#8221; and &#8220;round number&#8221; support at 900.<\/p>\n<p>Don&#8217;t shoot the messenger&#8230;..<\/p>\n<p style=\"text-align: center;\"><a href=\"http:\/\/www.afraidtotrade.com\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-4998 aligncenter\" title=\"spx-oct1\" src=\"https:\/\/thedisciplinedinvestor.com\/blog\/wp-content\/uploads\/2009\/10\/spx-oct1-1.jpg\" alt=\"spx-oct1\" width=\"606\" height=\"404\" \/><\/a><\/p>\n<p style=\"text-align: center;\">\n<p style=\"text-align: center;\">___<\/p>\n<p style=\"text-align: center;\">Disclosure: <a title=\"Horowitz &amp; Company\" href=\"http:\/\/www.horowitzandcompany.com\">Horowitz &amp; Company<\/a> clients may hold positions of securities mentioned as of the date published.<\/p>\n<p style=\"text-align: center;\">__<\/p>\n<p style=\"text-align: center;\"><a href=\"http:\/\/www.ino.com\/info\/41\/CD3465\/&amp;dp=0&amp;l=0&amp;campaignid=9\"><img decoding=\"async\" src=\"http:\/\/ino.directtrack.com\/42\/3465\/41\/\" border=\"0\" alt=\"\" \/><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>According to a chart that Corey Rosenbloom over at Afraid to Trade sent to me, we are seeing for the first time in a while the ominous RED color come out to visit us for the S&amp;P 500. This is not an ordinary chart. It uses a few indicators inclusive<\/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":[5,12,21,253],"tags":[483,283],"class_list":["post-4997","post","type-post","status-publish","format-standard","hentry","category-economy","category-markets","category-short-ideas","category-strategy","tag-markets","tag-technicals","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\/4997","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=4997"}],"version-history":[{"count":0,"href":"https:\/\/thedisciplinedinvestor.com\/blog\/wp-json\/wp\/v2\/posts\/4997\/revisions"}],"wp:attachment":[{"href":"https:\/\/thedisciplinedinvestor.com\/blog\/wp-json\/wp\/v2\/media?parent=4997"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/thedisciplinedinvestor.com\/blog\/wp-json\/wp\/v2\/categories?post=4997"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/thedisciplinedinvestor.com\/blog\/wp-json\/wp\/v2\/tags?post=4997"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}