S&P 500 Index April Charts For The Last 5 Years

The above charts are the S&P 500 Index for the last 5 years.

Each year of the last 5 years has April closing higher than its open for the month. The low for the month occurred on the first day of the month in the years 2007, 2009 and 2010. The years 2008 and 2011 made its monthly low in the middle of the month.

Below are the point gains for April:

• 2011: + 34 points
• 2010: + 15 points
• 2009: + 79 points
• 2008: + 59 points
• 2007: + 61 points

Charles

ES Futures Morning Session 03/29/12

The Advance - Decline Line is still trending lower, indicating continued selling in the second to last trading day of March. This has helped keep the ES Futures below S1 and yesterday's low for most of the morning.

The last trading day of March is also usually weak. We may see some bargain hunting in anticipation of a more bullish start in April. The first week of April is typically more bullish than the last week of March.

Charles

ES Futures 03/28/12

Both the ES futures and the S&P 500 Index are at their 10-day moving average. The Pivot of the Advance - Decline Line didn't quite make it to the -1000 line. So, we will have to see if most of the selling is done, or if there is more to come. The end of March is typically weak.

Charles

ES Futures Pivots For Tuesday 03/26/12

Trading Pivots for tomorrow.

Cup and Handle formation on the 10-minute chart. Gave us a strong reversal.

Charles

ES Futures S&P 500 Index Weekend Charts 03/23/12

We got our higher close from yesterday's close. However, as you can see on the 60 minute chart, the 1395 line is still resistance.

Stay tuned.

Charles

ES Futures 03/22/12

The market spent the day bouncing between S3 and S2.

The S&P 500 Index is back to its 10-day moving average with the Advance - Decline Line Pivot just below - 1000. There's a decent chance that tomorrow's close will be higher than today's close.

Charles

ES Futures Morning Session 03/21/12

The market tested yesterday's high and crumbled. The low of the first 30 minutes was violated, which set up a bearish market sentiment for most of the morning. So far, the market is staying above yesterday's low and S1.

Charles