Future Retirement Success
  • Politics
  • Business
  • Investing
  • Stocks
  • Politics
  • Business
  • Investing
  • Stocks

Future Retirement Success

Stocks

The Ord Oracle October 3, 2023

by October 4, 2023
October 4, 2023
The Ord Oracle October 3, 2023

SPX Monitoring Purposes: Long SPX 9/28/23 at 4299.70.

Gain since 12/20/22: 15.93%.

Monitoring Purposes GOLD: Long GDX on 10/9/20 at 40.78.

Above is the monthly SPX. The pattern that appears to be forming is a head-and-shoulders bottom. Support lies near the 4200 range, which is being tested. The “Right Shoulder” appears to be in the making and, once completed, another rally may start that leads to new highs. The SPX was up 5 months in a row going into July, which in the past has not marked the final high. At a minimum, after a 5-month rally, the market will see at least one new higher high (momentum rules). Long SPX 9/28/23 at 4299.70.

The bottom window is the NYSE Advancing Issues/NYSE Total Issues with a 10-period average.  A “Zweig Breadth Thrust” occurs when this indicator drops below .40 than rallies to .60 within 10 days. We pointed out the previous “Zweig Breadth Thrust” in the past. The current reading on this indicator stands at .35, and we would like to see a thrust to .60 in the next 10 days, as this condition would trigger a “Zweig Breadth Thrust” and a bullish sign for a rally into year-end. Previous examples of readings below .40 on chart above have led to short-term lows in the past. Also notice that SPX is near the 4200 support area. SPX appears to be near a low.

Tim Ord,

Editor

www.ord-oracle.com. Book release “The Secret Science of Price and Volume” by Timothy Ord, buy at www.Amazon.com.

Signals are provided as general information only and are not investment recommendations. You are responsible for your own investment decisions. Past performance does not guarantee future performance. Opinions are based on historical research and data believed reliable; there is no guarantee results will be profitable. Not responsible for errors or omissions. I may invest in the vehicles mentioned above.

0
FacebookTwitterGoogle +Pinterest
previous post
ADA Lawsuit Mills Reach the Supreme Court
next post
Secrets of Success: Charlie Ruddy, CEO of BeFibre and Digital Infrastructure

You may also like

S&P & Tech Stocks: Will Seasonality Lead to...

March 29, 2025

Week Ahead: NIFTY Needs To Move Past This...

December 10, 2022

The Wisdom of Jesse Livermore, Part 3

May 4, 2023

Downside for Bitcoin as Cryptos Crumble

March 11, 2023

Why Sector Rotation Matters NOW! And What You...

July 26, 2023

The Wisdom of Livermore, Part 1

April 5, 2023

Week Ahead: Banknifty At High Point & NIFTY...

November 19, 2022

The Ord Oracle August 2, 2022

August 3, 2022

Tariff Turmoil: 3 Stocks You Need To Know...

March 14, 2025

DP Trading Room: Magnificent Seven Stocks in Bear...

April 1, 2025

    Get free access to all of the retirement secrets and income strategies from our experts! or Join The Exclusive Subscription Today And Get the Premium Articles Acess for Free

    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Recent Posts

    • Trump’s Debanking Order Calls for Investigation, Something Tennessee Should Have Done

      August 7, 2025
    • $93 million in aid to fight malnutrition headed to 12 African countries, Haiti, State Dept says

      August 7, 2025
    • $93 million in aid to fight malnutrition headed to 12 African countries, Haiti, State Dept says

      August 7, 2025
    • America’s Not-So-Secret Secret Police

      August 7, 2025
    • Poll: Nearly 1 in 4 Americans Think They Have a Personal Social Security Account

      August 7, 2025
    • Republican senator claims RFK Jr. mRNA vaccine decision undermines Trump agenda

      August 7, 2025

    Categories

    • Business (8,704)
    • Investing (2,185)
    • Politics (16,335)
    • Stocks (3,228)
    • About us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: futureretirementsuccess.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2025 futureretirementsuccess.com | All Rights Reserved