Most Known Geopolitical Risks Out-of-the-way – Back To Basics? The much awaited North Korea summit, and the much feared FOMC rate decision are out of the way now with no decisive dominance by either the bulls or the bears! Tomorrow morning, before the markets open for the regular session, even the ECB (European Central Bank) (more…)
Note: Our nightly “S&P 500 Outlook,Forecast, and Trading plan for tomorrow” – please check back later, after 1:00am EDT. S&P 500 TODAY THE GIST (“THE WHAT”) The S&P 500 index held steady ahead of the much awaited FOMC (Federal Open Market Committee) rate hike announcement, trading in a tight 4 point range and registering the (more…)
S&P 500 Post-FOMC Early Trade Indications As per the forecast published last night, the medium term “models indicate no short bias until at least a daily close below 2740 (slightly bearish) or below 2735 (outright bearish). Models indicate staying flat (no positions) between 2760-35″. Early action following the FOMC decision and statements indicate no significant change in the medium term outlook. However, short term/intraday/aggressive models indicate a slightly bearish outlook (more…)
