The Bulls Charged Ahead Full Force – About to Get Tired? In our forecast for Wed, 06/06/18, we said: “The index failed to close above that band for two days in a row, closing at 2746.87 on Monday and at 2748.80 on Tuesday. The bulls have to clear this and close above 2750 today for (more…)
S&P 500 TODAY THE GIST (“THE WHAT”) The S&P 500 index rallied to a two-month high, led by Financials stocks as yields inched up following remarks by ECB chief economist, indicating that the central bank is on track to discuss an eventual wind-down of its monthly bond buying program. Early morning gains led by blue-chip (more…)
What Can Stop This Bull Run? As mentioned in our IntradayAlert published on Monday, June 4th, our models indicate that the 2740-50 band is now the critical resistance band for S&P 500 Index, which is going to hold the clue about the next directional bias of the market. The index failed to close above that band for (more…)
