Forecasts & Analysis | Indices

S&P 500 initially fell during the Globex session, but we have found buyers underneath. This is a continual pattern with this market, buyers looking for value.

Since Monday’s premarket open, the S&P 500 was steadily rising before stabilizing above the mid-June tops.

First Monday in July started off positively with indices heading higher. Instead of focusing on what happened, let’s focus on what will probably happen next.

Daily forecast and trading signals of forex majors, commodities, cryptocurrencies and indices.

Another record high for the Nasdaq helped push US stocks for their fifth successive day of gains, while the rally for Chinese stocks continued in Asia with the Chinese CSI300 hitting a new five year high as the recent two-week rally extended to over 15%.

China’s equity markets have come firmly on the radar given the big talking point given the 5.7% rally seen in the CSI 300 on Monday.

Futures point to more gains, though a light economic calendar leaves the majors exposed to the news wires and geopolitical risk.

We’re at all-time highs so there is no resistance so don’t try to pick a top, you’re just feeding the bull anyway.

US stock markets rallied significantly on Monday, perhaps following the Chinese lead overnight or perhaps moving based upon the ISM Nonmanufacturing numbers.

One thing is very certain right now – we live in very interesting times.  As the world rushes head-first into the 21st Century, it appears one of the most pressing issues before all of us is to navigate the risks and opportunities that continue to stack up ahead of us.