S&P 500 (SPX) Forecast, Page 1

The S&P 500 did almost nothing on the electronic exchange during the session on Monday as it was Martin Luther King Jr. Day in the United States, which means that the underlying index wasn’t trading.

The tailwind from better than expected data continues to support equity markets as US stocks traded at record levels, and those in Europe notched new highs on Friday after Chinese growth data reassured investors over the health of the world’s second-largest economy.

Given the current chart pattern and the close at 3325.00, the direction of the March E-mini S&P 500 Index on Monday is likely to be determined by trader reaction to Friday’s close. Taking out 3330.25 then closing lower for the session will form a closing price reversal top.

Stocks rise following strong housing data

S&P 500 markets ground a bit higher during the trading session on Friday again, as the bullish pressure continues. Quite frankly, as long as the Federal Reserve is willing to play ball, the stock markets will continue to go higher.

The S&P 500 rallied again during the week, breaking out to a fresh, new high. This continues the pattern that we have seen for so long, as the American stock market continues to attract inflows.

The S&P 500 has rallied again during the trading session on Thursday, clearing the 3300 level finally. That being said, this is a market that still looks likely to go much higher.

With significant downside risks to the global economy turned aside, and worries over a possible recession diminishing, there is a sprouting belief supported by evidentiary proof in the data that global growth could gain momentum over the coming months.

Certain precious metals, Gold, Silver, and Platinum, have shown moderate upside price trending over the past 20+ months while Rhodium and Palladium have skyrocketed higher. These more precious metals, Rhodium and Palladium, have many industrial and consumer uses. Rhodium is used in electronics and plating and Palladium is

Retail sales continue to rise

The index has been guided higher by a pair of uptrending Gann angle, moving at a rate of 8 points per day, since early December. Crossing to the strong side of these angles at 3311.00 and 3318.25 will put the index in an extremely bullish position.

The global market continues to grow, showing new historical highs for the major American indices, as well as the ones of Australia and India. The American Dow Jones closed above 29,000 for the first time, and the S&P 500 hit 3300.

Let’s check which stock could magnify S&P’s gains in case it rallies, and which stocks would be likely to decline the most if S&P plunges. Here are our stock picks for the Wednesday, January 15 – Tuesday, January 21 period.

Even as we write this post, the US Stock Market continues to push higher as global traders and investors pour capital into the continued US rally. The strong US Dollar continued to attract capital from around the globe and with fresh earning about to hit from Q4 2019, investors

Given the very modest expectations of a breakthrough on some of the more contentious issues in this US-China friction, the hurdle to disappoint was very high.

Stocks hit fresh highs

Based on the early price action and the current price at 3290.50, the direction of the March E-mini S&P 500 Index the rest of the session on Wednesday is likely to be determined by trader reaction to yesterday’s close at 3288.00.

The stock market initially pulled back a bit during the trading session in the E-mini contract but has rallied enough to reach towards the 3300 level. If we can break above there, that opens up the door to the next leg higher.

There were very mixed headlines to start the day. US drafting rules to block more sale to Huawei while China vows to punish firms who infringe on trade secrets, according to the New York Times. But I think after two years of trade war noise, hopefully the markets have learned

However, removing China from the currency manipulator list, a thorny issue for the mainland , eliminates one of the significant obstacles in the way to the next phase of the comprehensive agreement.On the more one-sided tails for Asian FX, particularly in the more trade/ growth/tech-oriented North. China is expected to