Forecasts & Analysis | S&P 500

U.S. equity futures markets are trading sideways to lower early Monday. Last week, investors decided to aggressively book profits in reaction to the end of earnings season and political events in Washington and geopolitical events in Barcelona. The price action suggests there is more downside potential. Some traders are saying the thin volume is responsible … Continue reading S&P 500; US Indexes Fundamental Daily Forecast – Volatility is Here to Stay

The major U.S. stock index futures closed lower for a second week in a row as a pall of nervousness was cast over the markets in response to political drama in the Whitehouse and geopolitical events in Barcelona. In the cash markets, the benchmark S&P 500 Index settled at 2425.55, down 0.60%. For the year, … Continue reading S&P 500; US Indexes Fundamental Weekly Forecast – Volatility Has Returned; Markets Look Fragile

S&P 500 The S&P 500 initially went sideways during the session on Friday, slicing through the 2425 handle at one point but turned around to show extreme amounts of bullish pressure. Because of this, I believe that the S&P 500 is probably going to go reaching towards the 2450 handle. However, look at the weekly … Continue reading Major US Indices Forecast, August 21, 2017, Technical Analysis

S&P 500 The S&P 500 initially tried to rally, but found enough resistance at the 2475 level to turn around and form a massive shooting star. The market fell as low as 2420 or so, so it looks very bearish to me. The 2400 level underneath is massive support, so if we were to break … Continue reading Major US Indices, Forecast for The Week of August 21, 2017, Technical Analysis

The S&P 500 initially tried to rally, but found enough resistance at the 2475 level to turn around and form a massive shooting star. The market fell as low as 2420 or so, so it looks very bearish to me. The 2400 level underneath is massive support, so if we were to break down below … Continue reading S&P 500 Index Forecast for the Week of August 21, 2017, Technical Analysis

The S&P 500 initially went sideways during the session on Friday, slicing through the 2425 handle at one point but turned around to show extreme amounts of bullish pressure. Because of this, I believe that the S&P 500 is probably going to go reaching towards the 2450 handle. However, look at the weekly charts we … Continue reading S&P 500 Price Forecast August 21, 2017, Technical Analysis

September E-mini S&P 500 Index futures are trading slightly higher shortly before the cash market opening. The market is also trading inside yesterday’s range, suggesting investor indecision and impending volatility. Technical Analysis The main trend is down according to the daily swing chart. The trend turned down on Thursday when the sellers took out the … Continue reading E-mini S&P 500 Index (ES) Futures Technical Analysis – August 18, 2017 Forecast

The S&P 500 went sideways initially during the day on Thursday, but then fell to the vital 2450 handle. If we can hold this area, it’s likely that the market should continue to go higher. If we bounce from here, it’s likely that we will continue to rally again. However, if we break down below … Continue reading S&P 500 Price Forecast August 18, 2017, Technical Analysis

September E-mini Dow Jones Industrial Average futures are trading lower shortly after the opening. The main trend is up according to the daily swing chart, however, momentum appears to be ready to shift to the downside. Additionally, it looks as if a potentially bearish secondary lower top is forming. This tends to indicate the selling … Continue reading E-mini Dow Jones Industrial Average (YM) Futures Analysis – August 17, 2017 Forecast

September E-mini S&P 500 Index futures are trading lower early Thursday, setting up the market for a lower cash market opening. Technical Analysis The main trend is up according to the daily swing chart. However, the market may be in the early stages of forming a potentially bearish secondary lower top. A trade through 2474.00 … Continue reading E-mini S&P 500 Index (ES) Futures Technical Analysis – August 17, 2017 Forecast

Since mid-July 2017, US equities represented by the S&P 500 (SPX) have been essentially flat. However, last week selling pressure re-entered the market. In the process traders sold prices down to the lower boundary line in an ascending wedge pattern as well as pushed SPX to close below its 50-day Simple Moving Average (50SMA). Looking … Continue reading Will the Selling Persist in the S&P 500?

S&P 500 The S&P 500 rallied during the day on Wednesday, reaching towards the 2475 handle. That’s an area where we have seen resistance, and it makes sense that we pull back from there. The 2460 level underneath should offer support, and I think that the market is getting ready to make a move one … Continue reading Major US Indices Forecast, August 17, 2017, Technical Analysis

The S&P 500 rallied during the day on Wednesday, reaching towards the 2475 handle. That’s an area where we have seen resistance, and it makes sense that we pull back from there. The 2460 level underneath should offer support, and I think that the market is getting ready to make a move one way or … Continue reading S&P 500 Price Forecast August 17, 2017, Technical Analysis

September E-mini S&P 500 Index futures are trading higher shortly before the cash market opening. With the concerns over North Korea abating, investors will shift their focus to the Fed today and the release of the FOMC monetary policy minutes at 1800 GMT. The main trend is up according to the daily swing chart. A … Continue reading E-mini S&P 500 Index (ES) Futures Technical Analysis – August 16, 2017 Forecast

U.S. stock index futures are indicating a higher opening based on the pre-market trade. The price action suggests investors have already shrugged-off yesterday’s dismal performance and concerns over geopolitical risk with North Korea and fresh political turmoil in Washington. Traders are also responding to mostly higher markets in Europe and positive closes in Asia. Shortly … Continue reading S&P 500; US Indexes Fundamental Daily Forecast – Hawkish Fed Minutes May Send Bullish Signal to Stock Investors

S&P 500 The S&P 500 initially rallied on Tuesday, but pulled back to flatten out a bit. The question now is can we continue to go higher? I think if we break above the 2475 handle, the market is going to continue to grind its way to the upside. If we do pull back, I … Continue reading Major US Indices Forecast, August 16, 2017, Technical Analysis

The S&P 500 initially rallied on Tuesday, but pulled back to flatten out a bit. The question now is can we continue to go higher? I think if we break above the 2475 handle, the market is going to continue to grind its way to the upside. If we do pull back, I think that … Continue reading S&P 500 Price Forecast August 16, 2017, Technical Analysis

U.S. stocks are drifting lower on Tuesday as the euphoria over a possible peaceful solution between the United States and North Korea seems to have worn off. Investors are coming back to reality, reacting to a huge drop in retail stocks. The SPDR S&P Retail ETF (XRT) was down 2.3 percent at the mid-session, mostly … Continue reading S&P 500; US Indexes Fundamental Daily Forecast – Bank Stocks Solid, but Retail Stocks Put a Cap on Upside

September E-mini S&P 500 Index futures are trading higher shortly before the cash market opening. Buyers drove the market higher during the pre-market session as the outlook for a peaceful resolution to the crisis between North Korea and the United States continued to improve. Technical Analysis The main trend is up according to the daily … Continue reading E-mini S&P 500 Index (ES) Futures Technical Analysis – August 15, 2017 Forecast

Risk On is back on the market. No nukes were fired, no islands were bombed, no countries were invaded. That are the reasons why on risky assets we do have only a buy mode now and on the save heavens we can witness a correction. SP500 reversed as it usually does – with a V … Continue reading Rapid Switch from Risk OFF to Risk ON Mode