Note: Our daily “S&P 500 Outlook, Forecast, and Trading plan for Wednesday, 10/24” will be posted around 8:30am EDT, Wednesday. THE GIST (“THE WHAT”) Yet another day of disappointing earnings and plunging oil prices drove the S&P 500 index convincingly below its critically important support level of 200 DMA (now at 2768.27) and near July (more…)
Continued Whipsaw Action Forecast In the Markets! The busiest earnings week of the season has started off yesterday, Monday 10/22, with no positive momentum. The growing geopolitical tension around the Saudi journalist Khashoggi’s killing and the trickling impact on the key Saudi investor conference seems to be denting the investor sentiment. The S&P 500 (more…)
