Forecasts & Analysis | Indices, Page 2

Based on the early price action, the direction of the June E-mini S&P 500 Index is likely to be determined by trader reaction to the main Fibonacci level at 2872.50.

The U.S. and China Inflation data may become a significant force causing movements in the stock and currency markets.

We have been pouring over the data and currently believe our earlier prediction of a July/August 2019 market top should be revised to an Aug/Sept 2019 expected market top pattern.  The following research posts we authored recently suggested a top may form in July/Aug 2019 and believe this critical top

It’s looking a bit bearish for the day ahead. Trade war tension continues to linger, which could test investor resilience on the day.

Core inflation came in stronger than expected

Based on the early price action, the direction of the June E-mini S&P 500 Index the rest of the session is likely to be determined by trader reaction to the downtrending Gann angle at 2905.25.

Based on the early price action, the direction of the June E-mini Dow Jones Industrial Average the rest of the session is likely to be determined by trader reaction to a pair of Gann angles at 26146 and 26166.

The S&P 500, right along with the other indices in the United States, ran into a lot of resistance on Tuesday. Looking at the daily chart, the 2900 level is obvious resistance and it now looks as if we are going to continue to struggle.

Based on the early price action, the direction of the June E-mini NASDAQ-100 Index the rest of the session is likely to be determined by trader reaction to yesterday’s close at 7515.00.

Rather than the usual written narrative, I have focused on two events which are now just so incredibly crucial to where FX, equities, commodities and bonds trade in coming weeks and months.

End of May and the beginning of June on the markets were super interesting.

The futures markets are pointing to a positive open, but holding on may be another issue…

Monday mergers buoy US equities

The S&P 500, as well as several other indices that we follow have all gapped higher to kick off the week as we show plenty of bullish pressure. Perhaps it has to do with the Americans and the Mexicans playing nice now, or perhaps it is just a continuation of

Based on the current price at 26183 and the earlier price action, the direction of the June E-mini Dow Jones Industrial Average the rest of the session is likely to be determined by trader reaction to the downtrending Gann angle at 26182.

Based on the early price action, the direction of the June E-mini NASDAQ-100 Index the rest of the session is likely to be determined by trader reaction to the main Fibonacci level at 7521.00.

Based on the early price action, the direction of the June E-mini S&P 500 Index the rest of the session is likely to be determined by trader reaction to the steep uptrending Gann angle at 2888.75.

It certainly has been an interesting week for traders. One that was full of incredible opportunity as many symbols rotated 6 to 12% or more over the past 10+ days.

With Germany on holiday today, it will be down to the CAC40 to follow the Asian majors into positive territory later this morning.

Weak payroll data drives stocks higher