S&P 500 (SPX) Forecast, Page 1

The S&P 500 continues to struggle at the 2750 handle, and it looks as if we are going to continue to go lower. To the 2700 level is the initial target for me, with the 2650 level after that being targeted. Ultimately, I do think that we go down to

December E-mini S&P 500 Index futures opened higher on Wednesday after reversing early session weakness. The price action continues to be dictated by a series of retracement levels, created a choppy trading environment. These moves reflect the fundamentals which are also created two-sided trading opportunities.Today’s trading session began with the

December E-mini S&P 500 Index futures are trading slightly higher a little after the mid-session after posting a volatile two-sided trade earlier. Helping to boost the index was a better performance in shares of Apple, along with optimism over the renewal of U.S. – China trade talks. A steep plunge

The S&P 500 reached towards the 2750 level before finding sellers again, so I think that if we can stay below there, it’s likely that the market will probably reach towards the 2700 level. That’s an area that should be supportive as well, but if we were to break down

A steep drop in shares of Apple is helping to drive the December E-mini S&P 500 Index futures contract sharply lower on Monday. A stronger U.S. Dollar and global trade tensions also weighed on prices. The weakness in Apple spread to other so-called FANG stocks with shares of Alphabet dropping

The S&P 500 continues to fall, and we have now wiped out the entire postelection bump that we had seen. Ultimately, I think this market is ready to continue going lower because there seems to be no reason for this market to do anything different. Bullish momentum just can’t seem

December E-mini S&P 500 Index futures settled higher last week, helped by the outcome of the mid-term elections, which resulted in a split Congress. The results came in as predicted with the Democrats recapturing the House of Representatives and the Republicans maintaining control of the Senate. Investors celebrated because the

The S&P 500 spent most of the week rallying, reaching towards the 61.8% Fibonacci retracement level, and the top of the shooting star from a month ago. This market has seen a lot of technical damage done to it, and while things looked good for most of the week, Friday

The S&P 500 is falling on Friday to show significant signs of bearish pressure. I believe that the market will continue to look very bearish going forward, unless of course we can turn around and break above the highs from Thursday. If we break below 2750, then I think that

December E-mini S&P 500 Index futures are trading lower shortly before the cash market opening. Investors are reacting to the Fed’s decision to leave interest rates unchanged while maintaining its hawkish outlook for interest rates. Additionally, some of the euphoria from the outcome of the U.S. mid-term elections may be

The S&P 500 continues to be very choppy overall, but after the explosive move to the upside on Wednesday, it makes sense that Thursday was kind of quiet. I think at this point, we are likely to see a little bit of a pullback, but if we do clear the

December E-mini S&P 500 Index futures are expected to open lower based on the pre-market trade. Earlier today, the index ran into resistance at a key retracement level. Additionally, there wasn’t much of a follow-through to the upside after yesterday’s strong rally. It was a relief rally fueled by the

Wednesday was a bit nervous for the USD. During the first part of the day, we could experience a significant weakness of the Greenback and the second half of the day, brought us a proper rise in the value of the American currency. Thanks to this, DXY, Dollar Index is

We have cleared the 2750 level rather decidedly during trading on Wednesday, and I think at this point we are likely to see quite a bit of volatility just above at the 2800 level. If we can clear that, an area that I think coincides nicely with the purple ellipse

The broad-based U.S. stock index is trading higher on Wednesday, shortly after the opening. The catalysts behind the rally are the mid-term election results. Democrats won back the House of Representatives and the Republicans retained control of the Senate. This was the outcome that market participants were expecting, dampening predictions

The S&P 500 has shown signs of support and resistance at the 2750 handle, an area that we are approaching as a look at the charts. I think that this market will continue to be very difficult to trade, but as you can see I have a purple ellipse on

December E-mini S&P 500 Index futures are trading lower shortly after the cash market opening. Volume and volatility are expected to be low on Tuesday as investors await the results from the U.S. mid-term elections. Traders aren’t sure about the results or the direction of the market but they do

The S&P 500 is probably going to be a bit volatile during the day as traders try to get in front of the election results of midterms. Ultimately, this is a market that I think will probably recognize the 2750 level as a major resistance, so if we were to

December E-mini S&P 500 Index futures are trading slightly better shortly after the cash market opening. Volume and volatility are relatively low with most of the major players on the sidelines ahead of Tuesday’s U.S. mid-term elections. The uncertainty over the results is carrying too much risk for investors to

The S&P 500 broke down during the week, reaching to the 2600 level underneath, which is an area that has been important more than once. By bouncing the way it has from there, it shows that there is still some resiliency in this market, and I think that the 2750