Forecasts & Analysis | S&P 500

DAX 30 The DAX index had a pretty eventful week but those who look at where it ended up for the week would not realise how much of volatility and promise that it had shown during the course of the week, only to lose it all as the week progressed and then end up back … Continue reading Weekly Global Indexes Technical Analysis, Jun 26 – Jun 30

S&P 500 The S&P 500 had a volatile session on Friday, initially going sideways and then dipping down towards the 2430 handle. There’s enough support there to turn the market around though, and with the rebalancing of the Russell 2000, it makes sense that we saw this type of choppiness. I still believe in the … Continue reading Major US Indices Forecast, June 26, 2017, Technical Analysis

S&P 500 The S&P 500 initially tried to rally during the week, testing the 2450 handle. However, we pulled back from that level in order to form a shooting star. I believe that there is a significant amount of support just below though, so having said that I think that we will eventually go to … Continue reading Major US Indices, Forecast for The Week of June 26, 2017, Technical Analysis

The major U.S. stock indexes finished relatively flat for a third week as news regarding the Trump administration’s policy changes were met by muted reactions from investors. Rallies in health care and tech shares offset a plunge in energy stocks. In the cash market, the blue chip Dow Jones Industrial Average closed at 21,394.76, unchanged. … Continue reading S&P 500; US Indexes Fundamental Weekly Forecast – Energy, Health Care, Financial Sectors In Play This Week

U.S. stocks closed mixed on Friday with the S&P 500 Index and NASDAQ Composite closing higher and the Dow Jones Industrial Average settling lower. Buyers were attracted to beaten up energy shares and technology stocks extended their rally. The benchmark S&P 500 Index rose 3.80 point, or +0.16%, to end at 2438.30 with technology stocks … Continue reading S&P 500; US Indexes Fundamental Daily Forecast – Investors Dealing with Health Care, Banking and Energy Issues

The S&P 500 initially tried to rally during the week, testing the 2450 handle. However, we pulled back from that level in order to form a shooting star. I believe that there is a significant amount of support just below though, so having said that I think that we will eventually go to the upside. … Continue reading S&P 500 Forecast for the Week of June 26, 2017, Technical Analysis

The S&P 500 had a volatile session on Friday, initially going sideways and then dipping down towards the 2430 handle. There’s enough support there to turn the market around though, and with the rebalancing of the Russell 2000, it makes sense that we saw this type of choppiness. I still believe in the uptrend, and … Continue reading S&P 500 Price Forecast June 26, 2017, Technical Analysis

September E-mini S&P 500 Index is trading flat shortly before the cash market opening. There hasn’t been much action the last three days. Most of the news has been offsetting. Today, we could see the return of volatility with the release of the Flash Manufacturing PMI report at 1345 GMT and at 1400 GMT with … Continue reading E-mini S&P 500 Index (ES) Futures Technical Analysis – June 23, 2017 Forecast

The S&P 500 had a sideways session during the day on Thursday, as we continue to find support near the 2425 handle. I believe that ultimately this market will rally, because quite frankly it is a strong uptrend that we have been in. However, there’s not much to move the market currently, so I think … Continue reading S&P 500 Index Price Forecast June 23, 2017, Technical Analysis

Watch the price action and read the order flow at 2432.00 all session. Trader reaction to this level will set the tone for the day. September E-mini S&P 500 Index futures are trading slightly lower shortly before the cash market opening. The market is trading inside yesterday’s range, indicating investor indecision and impending volatility. Technical … Continue reading E-mini S&P 500 Index (ES) Futures Technical Analysis – June 22, 2017 Forecast

U.S. stock index futures are pointed towards a lower opening on Thursday as investors continue to monitor the direction of crude oil prices while waiting for the release of a few economic releases. Lower oil prices weighed on the Asian indexes early Thursday. Traders were primarily reacting to a plunge in oil prices to a … Continue reading S&P 500; US Indexes Fundamental Daily Forecast – Oil Prices Will Dictate Direction Today

S&P 500 The S&P 500 had an extraordinarily volatile session during the day on Wednesday, as the market continues to show trouble. This being the case, the market looks like it is finding support at the previous gap near the 2430 handle, but obviously there are a lot of headlines moving things around rapidly. If … Continue reading Major US Indices Forecast, June 22, 2017, Technical Analysis

The S&P 500 had an extraordinarily volatile session during the day on Wednesday, as the market continues to show trouble. This being the case, the market looks like it is finding support at the previous gap near the 2430 handle, but obviously there are a lot of headlines moving things around rapidly. If we can … Continue reading S&P 500 Price Forecast June 22, 2017, Technical Analysis

September E-mini S&P 500 Index futures are trading lower shortly before the cash market opening, but the market is trying to mount a comeback after the early session weakness. Technical Analysis The main trend is up according to the daily swing chart. It turned up on Monday. A trade through 2416.25 will turn the minor … Continue reading E-mini S&P 500 Index (ES) Futures Technical Analysis – June 21, 2017 Forecast

The weakness in the crude oil market that helped drive U.S. equity prices on Tuesday spread to the Asian market on Wednesday, pushing stocks lower on most Asian bourses. In other news, MSCI announced it would add China A-shares to its MSCI Emerging Markets Index after rejecting China’s previous three attempts. The index fund giant … Continue reading S&P 500; US Indexes Fundamental Daily Forecast – Drop in Oil Weighs on U.S. Stock Indexes

S&P 500 The S&P 500 fell slightly during the course of the session on Tuesday, slicing below the 2450 handle. The market slicing below that level is a slightly negative sign, but the 2440 level underneath should offer quite a bit of support. I believe that the market will eventually go to the upside as … Continue reading Major US Indices Forecast, June 21, 2017, Technical Analysis

The S&P 500 fell slightly during the course of the session on Tuesday, slicing below the 2450 handle. The market slicing below that level is a slightly negative sign, but the 2440 level underneath should offer quite a bit of support. I believe that the market will eventually go to the upside as we have … Continue reading S&P 500 Price Forecast June 21, 2017, Technical Analysis

September E-mini S&P 500 Index futures are trading lower shortly before the cash market opening. The market is also trading inside yesterday’s range, indicating investor indecision and impending volatility. Technical Analysis The main trend is up according to the daily swing chart. There is no resistance other than yesterday’s high at 2451.50. It’s a momentum-based … Continue reading E-mini S&P 500 Index (ES) Futures Technical Analysis – June 20, 2017 Forecast

U.S. stock indexes are trading slightly higher during the pre-market session. There has been no follow-through to the upside after Monday’s strong rally. The price action reflects the mixed trade in Asia. Asian indexes were mixed at the end of trading on Tuesday as traders awaited MSCI’s decision on the potential inclusion of Mainland Chinese … Continue reading S&P 500; US Indexes Fundamental Daily Forecast – Tech Stocks, Momentum Catalysts Behind Rally

S&P 500 The S&P 500 gapped higher at the open on Monday, and then shot towards the 2450 handle, which was my next target. I believe that we are going to continue to reach higher, perhaps head to the 2500 handle after that. I believe that the bullish tendency of this market is starting to … Continue reading Major US Indices Forecast, June 20, 2017, Technical Analysis