S&P 500 Price Forecast – Stock Markets Continue To Look Higher

The S&P 500 has rallied during the trading session on Thursday as we are starting to continue the overall grind downward. Ultimately, this is a market that sees a lot of noise and it but at this time year does typically look to the upside and therefore I think it’s only a matter of time before the buyers come in and push even higher. That being said though, it is a market that will have a lot to deal with on Friday as it is when expiration day. This means that there will be a lot of position squaring in both directions, so expect Friday to be very noisy in general. That being said though, it’s very likely that we are going to buyers longer-term, as the market has been bullish overall and of course people will be trying to pad their results for the end of the year.

S&P 500 Video 20.12.19

All things being equal I expect pullbacks to be buying opportunities, especially near the 3150 handle. The market will probably find plenty of buyers underneath, as there will be a lot of people that have missed out the entirety of the rally. The market is struggling with 3200 in general but that’s not a huge surprise as large numbers to attract a lot of attention. At this moment, the market should have plenty of buyers underneath so therefore look at it through a prism of picking up value. Ultimately, this is a buyer’s market.

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