Forecasts & Analysis | Indices, Page 3

Based on the early price action and the current price at 2917.00, the direction of the December E-mini S&P 500 Index the rest of the session on Thursday is likely to be determined by trader reaction to the short-term 50% level at 2907.25.

The S&P 500 went higher during the trading session on Wednesday but found resistance again at the 2940 level. As the US and China are heading into negotiation, it’s likely that we will continue to get a lot of choppy and back and forth.

While the futures point to a positive open, rising tension between the U.S and China on trade will test the markets, with a lack of stats to distract…

The stock market had a rough day during the trading session on Tuesday, breaking below the bottom of the shooting star from the previous session. This of course is very negative, but there is still a ton of support underneath.

Based on the early price action and the current price at 7642.50, the direction of the December E-mini NASDAQ-100 Index the rest of the session on Tuesday is likely to be determined by trader reaction to the main 50% level at 7624.50 and the uptrending Gann angle at 7666.25

Based on the early price action and the current price at 26170, the direction of the December E-mini Dow Jones Industrial Average the rest of the session on Tuesday is likely to be determined by trader reaction to the main 50% level at 26163.

Based on the early price action, the direction of the December E-mini S&P 500 Index the rest of the session on Tuesday is likely to be determined by trader reaction to the minor pivot at 2907.25 and the main 50% level at 2901.25.

Investors anxiety about the state of the global economy and apprehensions over U.S.-China trade talks pushed stocks lower Monday as political bustle swamped Washington.

Our researchers believe the global concerns centered around Banking and Debt within the Emerging Markets and Asia/Europe are very likely to become major issues over the next 3+ months. These potentially dangerous issues could have far-reaching pricing ramifications for almost all of the world’s financial markets.

The futures are pointing to a positive start to the day, in spite of weak stats out of Germany at the start of the week. Trade war chatter is key on the day.

The US stock markets initially sold off slightly in the futures markets as traders worried about the US/China trade relations souring. However, the market has returned to show signs of strength later in the day, and it now looks like the overall uptrend is going to perhaps be stabilize.

Based on the early price action and the current price at 7750.25, the direction of the December E-mini NASDAQ-100 Index futures the rest of the session is likely to be determined by trader reaction to the short-term 50% level at 7724.00.

Based on the early price action and the current price at 26425, the direction of the December E-mini Dow Jones Industrial Average the rest of the session on Monday is likely to be determined by trader reaction to the 50% level at 26508.

Based on the early price action and the current price at 2943.75, the direction of the December E-mini S&P 500 Index the rest of the session on Monday is likely to be determined by trader reaction to the short-term 50% level at 2940.50.

The futures point to the red as the markets look ahead to the resumption of trade talks. German factory orders and Brexit will also be in focus…

Unemployment drops to a 50-year low

The S&P 500 spent most of the week falling but has turned around quite nicely on both Thursday and Friday to form a massive hammer. The hammer not only looks strong, but it is supported by the 50 week EMA and of course the uptrend line just below.

The stock markets initially fell during trading on Friday, reaching down towards the 2900 level. The US jobs number came out slightly lower than anticipated, but with many revisions to the upside from previous months. Beyond that, unemployment has dropped to the lowest level since 1969.

We’ve been writing about the broader US stock market for many months – highlighting the Pennant/Flag formations that have continued to set up since early 2018. Sometimes, the keys to really understanding what is transpiring behind the scenes in the US markets is to pay attention to various market

Based on the early price action, and the current price at 26312, the direction of the December E-mini Dow Jones Industrial Average the rest of the session on Friday is likely to be determined by trader reaction to a pair of Gann angles at 26352 to 26358.