Tug-of-War Along Our Proprietary Key Levels – Week-2, Day-2? To put the “Tug-of-war” into perspective, consider this statistic: In the last ten years (since 2008/06/14), S&P 500 closed within Monday’s 5.91 points range ONLY 68 times out of 2,517 trading sessions! That is, just 2.7% of the times!! That’s how rare Monday’s close is, and (more…)
Note: Our nightly “S&P 500 Outlook,Forecast, and Trading plan for TUE 06/19″ – please check back later (usually published between 8:30pm EDT and 10:30pm EDT). S&P 500 TODAY THE GIST (“THE WHAT”) The S&P 500 index opened significantly lower, extending Friday’s losses as trade war concerns escalated after China retaliated with tariffs on U.S. imports (more…)
S&P 500 Index registered a low of 2757.12 – just about 3 points below the proprietary level of 2760 that we mentioned in our forecast published last night – before rising above that level (currently at 2769.11, as of 11:58am EDT). Our models indicate this as potential low for the rest of the session. Intraday (more…)
