Forecasts & Analysis | Indices, Page 2

Economic data out of China fails to impress early. With trade tensions easing, Germany’s GDP numbers could upset the markets later this morning…

Based on the early price action and the current price at 7741.50, the direction of the September E-mini NASDAQ-100 Index the rest of the session is likely to be determined by trader reaction to the short-term Fibonacci level at 7735.75.

The United States announced that it was going to delay some of the tariffs on the Chinese as the two countries are looking to have further conversations about the trade situation. Because of this, the stock markets got a bit of a boost early in the trading session on Tuesday.

The early price action indicates the direction of the September E-mini S&P 500 Index the rest of the session is likely to be determined by trader reaction to a price cluster at 26215 to 26226.

The key area to watch all session on Tuesday is the price cluster at 2932.25, 2932.50 and 2933.50. This cluster is being formed by a pair of Gann angles and the short-term Fibonacci level.

One thing is becoming ever clearer; we are close or have seen an end to the T.I.N.A (There is No Alternative) trade – The idea that bad geopolitical news, poor economic data, or some other macro news flow results in lower bond yields and a subsequent hunt for relatively higher-yielding

Economic data out of the Eurozone and the U.S will have an impact on the majors as geopolitical risk continues to test current levels…

Watch the price action and read the order flow on a test of 7510.25 to 7382.50. Trader reaction to this area could set the tone for the rest of the week.

Based on the late session price action, the direction of the September Dow Jones Industrial Average into the close is likely to be determined by trader reaction to the main 50% level at 26012.

The S&P 500 rallied a bit during the trading session on Monday, reaching towards the 50 day EMA before rolling over again. At this point, the market has pulled back from a major resistance barrier, which most longer-term traders will pay attention to.

Based on the early price action and the current price at 2901.00, the direction of the September E-mini S&P 500 Index on Monday is likely to be determined by trader reaction to the 50% level at 2902.50.

Friday’s trading session was bearish, as stock retraced their Thursday’s advance. However, the S&P 500 index remained above the 2,900 mark. So will the short-term uptrend reverse? Or is this just a downward correction before another leg up?

The news wires will need to be market-friendly for the majors to brush off geopolitically woes on the day…

Stock markets broke down rather significantly during the week but have found quite a bit of support to turn things around of form a hammer candle in several the indices that I follow.

The S&P 500 pulled back a bit during the trading session on Friday, as the 50 day EMA has offered a bit of resistance. Ultimately, what’s more important to pay attention to is whether or not we end up forming a hammer on the weekly chart.

Based on the early price action and the current price at 7691.00, the direction of the September E-mini NASDAQ-100 Index on Friday is likely to be determined by trader reaction to the Fibonacci level at 7735.75 and the 50% level at 7638.00.

Based on the early price action, the direction of the September E-mini S&P 500 Index on Friday is likely to be determined by trader reaction to the short-term 50% level at 26215.

Our research that highlighted this August 19, 2019 date and the potential for what we are calling the Crazy Ivan price move is rooted in our super-cycle analysis, predictive modeling tools, and other specialized proprietary price modeling solutions and utilities. We believe we’ve identified a key inflection point/date that

Based on the early price action, the direction of the September E-mini S&P 500 Index is likely to be determined by trader reaction to the uptrending Gann angle at 2924.25.

Can the rebound continue? Trump Twitter account will need to remain on the quieter side later on in the day to let the numbers do the talking…