S&P 500 (SPX) Forecast, Page 1

E-mini S&P 500 Index futures reached their highest level since February 2 last week before turning south and posting a potentially bearish closing price reversal top on the weekly chart. Strong earnings and revenue reports kept the rally alive early in the week, but investors decided it may have been

The S&P 500 has done very little during the week, but then again we have rallied roughly 100 points over the last handful of sessions. Because of this, I think the market is getting a bit exhausted, and now we are trying to churn to build up enough momentum to

The S&P 500 was very volatile during the trading session on Friday, reacting to the 2800 level as an area of significant support and resistance in the past. I think that the market is also reacting to tweets by Donald Trump, suggesting that the interest rate hikes coming from the

September E-mini S&P 500 Index futures are trading lower early in the session on Friday. The market is following through to the downside after closing lower the previous session. Today’s early price action made 2818.25 a new main top.At 0646 GMT, September E-mini S&P 500 Index futures are trading at

Another day, another drama. With less than impressive price action, the markets fell a bit during the trading session to open up the day on Thursday, reaching towards the 2800 level. I see a significant amount of support down to the 2790 level though, and we are most certainly still

September E-mini S&P 500 Index futures are trading slightly lower shortly before the cash market opening. The index is trading inside yesterday’s range which suggests investor indecision. The index is now up 14 days from the last main bottom, which means it remains vulnerable to a closing price reversal top.

The S&P 500 initially has gone sideways in the CFD market, and as the Americans are starting their workday, it looks likely that we are going to go higher. I think that the 2800 level continues to be a major level, and I think that the 2800 level should have

The S&P 500 has rallied significantly as the Americans came on board, showing signs of life again. However, I think there’s a lot of noise above that is going to be difficult to overcome. I think that the testimony of Jerome Powell has discounted the risk that a trade war

September E-mini S&P 500 Index futures are called lower shortly before the cash market opening. The index is being pressured by weakness in the technology and energy sectors as well as general nervousness ahead of the congressional testimony of Fed Chair Jerome Powell.Daily September E-mini S&P 500 IndexDaily Technical AnalysisThe

Although we have had decent earnings coming out of some banks, the reality is that sluggish trading is probably what we are going to see. The 2800 level of course offers a significant amount of psychological interest, and I believe that if the market were to continue the overall attitude

The benchmark S&P 500 Index is trading lower shortly after the opening as buyers backed away from an early session rally when technology stocks fell and the energy sector weakened in reaction to a plunge in crude oil prices. The current intraday chart pattern suggests a potentially bearish closing price

E-mini S&P 500 Index futures finished higher last week as investors shrugged off concerns over the escalating trade tensions between the United states and China and decided to focus on second-quarter earnings and revenue reports as well as U.S. economic data.September E-mini S&P 500 Index futures settled the week at

Is Trade War Really A Good Thing For The US?The uncertainty surrounding the trade war between the U.S. and China has eased recently after the two world largest economies have signaled their intention to sit at the negotiation table. In addition, investors also started to realize that the effects of

The S&P 500 has rallied significantly during the trading week, reaching towards the vital 2800 level. If we can break above this level, the market is likely to go much higher. The 2900 level above has been resistance, but I still have a longer-term target of 3000 based upon the

The S&P 500 has shown a significant amount of resiliency during the trading session on Friday, as we initially dipped a lower, but we continue to buy the dips that American futures traders put out. It looks as if the market is ready to continue going higher, but we need

September E-mini S&P 500 Index futures are trading nearly flat as we approach the opening. We’re still in the 7 to 10 day window of time for a closing price reversal top. Earlier in the session, the market made a higher-high. If we get a lower close, close below the

The S&P 500 of course has rallied into the session on Thursday, but I see a lot of resistance at the 2800 level. That being said, if we can break above the 2800 level, the market is free to go much higher. Otherwise, I would anticipate a pullback again closer

September E-mini S&P 500 Index futures are called higher based on the pre-market trade. Investors are setting aside concerns over the trade dispute between the United States and China, the threat of rising interest rates and crude oil volatility, and focusing on earnings and revenue reports today.Daily September E-mini S&P

The S&P 500 has been very noisy overall lately, but when you look at the chart, it’s obviously a bullish market over the longer-term. I think that the market looks likely to find plenty of support below at the 2740 level anyway, so I think what we are looking at

September E-mini S&P 500 Index futures are expected to open lower based on the pre-market trade. The index is under pressure because of concerns over an escalation of the trade dispute between the United States and China amid the announcement of new tariffs on Beijing by the Trump administration.Daily September