S&P 500 TODAY THE GIST (“THE WHAT”) The S&P 500 index took a breather after rallying for four straight days as a sell-off in FANG stocks overshadowed a rally in the Energy and Telecommunication sectors. For four days in a row, the index has managed to stay above the trading range of 2700-40 which it was (more…)

Our forecast for today’s markets – published last night – stated “our Medium-term Models currently have a stop at 2760″. As of this writing (1:43pm EDT) S&P 500 Index regsitered the day’s low at 2760.16 with the E-mini Futures ES registering exactly 2760. If the index breaches this level (2760), then our short-term intraday models would (more…)