S&P 500

The BEGOS acronym letter ‘S’ is for the futures of the S&P 500 index as traded on The Chicago Mercantile Exchange and Globex.

Market Value

When the S&P 500 crosses the valuation line, we expect price to continue in the same direction. But when the price gets too far away from the valuation line we expect the trend may be ending.

Lower panel description: It is the deviation of S&P 500 price from value. When the deviation becomes relatively extreme, again the trend may be near its end.

1. S&P 500’s daily closing price from a year to date

2. S&P 500’s smooth valuation line

Market Trend

These are the S&P 500’s daily bars for the last three months to-date. The blue dots denote trend consistency. When the blue dots break above -80% line, higher prices are anticipated. When the blue dots break below +80% line, lower price is anticipated.

Market Profile

The S&P 500’s Profile shows the amount of contract volume traded at every price point for the last two weeks. The longest lines are indicative of price support and resistance. The colored lines represent the most recent trading day with the white bar as the closing price.

Market Magnet

The S&P 500’s Magnet is the volume-weighted consensus price of the S&P 500s’ Market profile. Similar to S&P 500’s Market value analysis, when the S&P 500 crosses the Magnet, we expect price to continue in the same direction. But when the price gets too far away from the Magnet, we expect the trend may be ending.

Market Range

The S&P 500’s Market Range is the expected distance that it will cover the ensuing trading day. This “Expected Daily Trading Range” (EDTR) it gives a rational, acceptable estimate as to how far the market may move. For example, in the side graph the EDTR shown is xxxxx

Market Rhythm

The S&P 500’s bet Market Rhythm recently to-date is displayed in the Market Rhythm chart. As show in the chart, it is the S&P 500’s 12 hour MACD. When this rhythm has been positive the S&P 500’s price is shown in Green and when it has been negative the price is shown in Red.