Note: Our nightly “S&P 500 Outlook, Forecast, and Trading plan for Wed, 07/25” will be posted Tue, 07/24 night – please check back around 10:30pm/11pm EDT. THE GIST (“THE WHAT”) The S&P 500 index opened the session with significant gains as Technology and Financial stocks rallied at the open on the back of upbeat quarterly (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 forecast mentioned using the daily close for any new positions by the medium-term models. Hence, there would be no positions initiated (more…)
Consecutive Three Days of Tug-of-War! Advantage Bulls! Our S&P 500 Index forecast for Friday (07/21/18) – published Thursday night – stated: “Our models indicate that, tomorrow (Friday, 07/20), the index has to close below 2804 or above 2810 for any directional bias to develop; if not, then the tug-of-war would likely continue into the next (more…)
