S&P 500 Price Forecast – Stock Markets Continue to See Selling Pressure

S&P 500 Technical Analysis

The S&P 500 E-mini contract has been rather negative during the trading session on Thursday as we continue to see a lot of negative pressure on stock markets. Ultimately, the US dollar continues to strengthen and there are a lot of things breaking around the world. In that environment, the S&P 500 is not going to perform well, nor would any other stock index for that matter. I like fading rallies, and I also like the idea of shorting below the 3600 level who do get that break down.

At that point, I would anticipate that the S&P 500 is down to the 3500 level, which of course is a large, round, psychologically significant figure. Ultimately, this is a market that given enough time should see plenty of volatility, and therefore plenty of reasons for people to get nervous. That being said, you also have to keep in mind that bear market rallies tend to be rather vicious, so the occasional snap to the upside could occur.

Those will more likely than not continue to be selling opportunities, as the market continues to see plenty of negative influence from the outside. Interest rates, global slowdowns, and a whole host of geopolitical issues are coming into the picture and causing headaches. Ultimately, this is a scenario that I think given enough time we should see plenty of downward pressure. That being said, keep your position size reasonable, and don’t swing for the fences every time you place a trade. Money management in a market like this is crucial.

US Stock Market Forecast Video for 30.09.22

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