Advertisement
Advertisement

US Indices Forecast, May 22, 2017

By:
James Hyerczyk
Published: May 22, 2017, 13:41 UTC

E-mini S&P 500 June E-mini S&P 500 Index futures are called slightly better shortly before the cash market opening. There are no major economic

US Indices Forecast

E-mini S&P 500

June E-mini S&P 500 Index futures are called slightly better shortly before the cash market opening. There are no major economic releases today, but investors could react to news from President Donald Trump’s first foreign policy trip to the Middle East.

Traders will also get the opportunity to respond to speeches from several Federal Open Market Committee members. They will be watched for possible comments on Fed policy.  Investors will also be paying close attention to the price action in the crude oil market. Firmer prices could boost the Dow and S&P 500 Index… Read More

E-mini Dow Jones

June E-mini Dow Jones Industrial Average futures are trading higher shortly before the cash market opening. The market is trading inside Friday’s range which suggests investor indecision and impending volatility.

The main trend is down according to the daily swing chart. A trade through 20995 will change the main trend to up. Just to be safe, let the market take out the two tops at 21010… Read More

E-mini NASDAQ-100

June E-mini NASDAQ-100 Index futures are trading slightly better shortly before the cash market opening. The market is trading inside Friday’s range which suggests investor indecision and impending volatility.

The main trend is down according to the daily swing chart. However, momentum shifted to the upside with the formation of the closing price reversal bottom on Thursday and the subsequent confirmation on Friday… Read More

About the Author

James is a Florida-based technical analyst, market researcher, educator and trader with 35+ years of experience. He is an expert in the area of patterns, price and time analysis as it applies to futures, Forex, and stocks.

Did you find this article useful?

Advertisement