Market Reaching an Imminent Inflection Point – Day 3 Our S&P 500 Index forecast for today (Thursday) – published on Wednesday night – stated: “The index has to close below 2804 to cause any slowdown of the bulls!”. Staying true to the story of the last many days, the index did indeed track this – (more…)
Note: Our nightly “S&P 500 Outlook, Forecast, and Trading plan for Fri, 07/20” will be posted Thursday, 07/19 night – please check back around 10:30pm/11pm EDT.THE GIST (“THE WHAT”) The S&P 500 index fell lower at the open on renewed trade war concerns after President Trump reiterated his commitment to raise tariffs if the European (more…)
Current Positions and Biases of our S&P 500 Index Trading Models: Based on the Trading plans published last night (click here to read the full Forecast), the positions of our models are: Medium-term/long-term Models The trailing stop triggered at 2808 and the long position was sold for a 2.5 point loss (entered at 2810.50). Currently (more…)
