S&P 500 (SPX) Forecast, Page 1

Soft economic data and lower yields give stocks a lift

The S&P 500 rallied significantly during the week, reaching towards the resistance above at the 2800 level. We have not broken above there yet though, so I think that we could be up for a serious fight soon.

The S&P 500 rallied a bit during the trading session on Friday, breaking above the resistance that we had seen over the last couple of days. Overall, this is a market that I think continues to be bullish in the short term, but we have major issues just above.

Based on the earlier price action, the direction of the index the rest of the session is likely to be determined by trader reaction to the steep uptrending Gann angle at 2760.75.

Stock markets stalled a bit during the trading session on Thursday, as we have received poor economic numbers coming out of the United States involving retail sales and PPI.

Based on the early price action, the direction of the March E-mini S&P 500 Index the rest of the session is likely to be determined by trader reaction to the steep uptrending Gann angle at 2744.75.

The S&P 500 Rallies Led by Energy and Real-Estate

Stock markets in America continue to grind, as we see plenty of reasons to think we are going to go in both directions. At this point, the buyers have certainly taken over in general, so I like the idea of buying, but obviously you will have to pick your places.

Based on the early price action, the direction of the March E-mini S&P 500 Index the rest of the session is likely to be determined by trader reaction to the former top at 2737.75.

Stocks surge as the VIX drops to a 4-month low

The S&P 500 initially fell to the 2700 level during the trading session on Tuesday, but then turned around to show signs of strength yet again as we are breaking above the top of the candle stick from the Monday session.

Based on the early price action, the direction of the March E-mini S&P 500 Index the rest of the session is likely to be determined by trader reaction to the previous top at 2737.75.

Stock markets were flat again during the day on Monday as traders came back from the weekend. Quite frankly, there’s nowhere to go as we await the results of the US/China trade relations. With that, I suspect that you are probably better off leaving this market alone.

Based on the early price action, the direction of the March E-mini S&P 500 Index on Monday is likely to be determined by trader reaction to the retracement levels at 2711.50 and 2709.25.

Based on last week’s close at 2706.25 and Monday’s early price action, the direction of the March E-mini S&P 500 Index the rest of the week is likely to be determined by trader reaction to the major Fibonacci level at 2711.50.

During the past week, we have seen and attempted continuation of the bullish pressure in the S&P 500, but finally, a lack of volume has caught up with the market.

The S&P 500 did pull back a little bit during the trading session on Friday again, but I also recognize that there is a downtrend that has held up now. At this point, there is a significant amount of support underneath as well though, so quite frankly there is a

The US dollar is rising, having updated this year highs since the beginning of the year at USDX on the demand growth for safe assets.

Based on the early price action, the direction of the March E-mini S&P 500 Index the rest of the session on Friday is likely to be determined by trader reaction to the major Fibonacci level at 2711.50.

Based on the early price action, the direction of the March E-mini S&P 500 Index the rest of the session is likely to be determined by trader reaction to the major Fibonacci level at 2711.50.