Forecasts & Analysis | S&P 500

A golden cross forms when the asset’s 50-day simple moving average (SMA) crosses above its 200-day SMA.

The S&P 500 E-mini contract pulled back a bit during the trading session on Wednesday as the trendline continues to hold.

The trading session was choppy as market participants reacted to PMI reports.

The S&P 500 has pulled back a bit during the trading session on Tuesday, as the downtrend line from the larger channel has come into the picture.

With investors somewhat comfortable that they’re going to see lower rate hikes from the Fed money is flowing into the S&P Tech Sector, NASDAQ.

The Fear & Greed Index neared the Greed zone this morning, supporting another BTC move toward $25,000. The NASDAQ Index will need to provide support.

As markets shift their attention to the manufacturing and services PMIs, check out the latest technical report, covering key markets.

The pullback to $3850+/-25 was completed at $3885, and the expected rally to $4300+ is now underway.

The major U.S. stock indexes are trading sharply higher at the mid-session on Monday after struggling in the pre-market session and shortly after the cash market opening. At the start of the week, prices were subdued despite Friday’s strong finish as the major indexes struggled for direction at the start

The S&P 500 E-mini contract continues to flirt with the 200-Day EMA, and the 4000 level. However, keep in mind this is the middle of earnings season.