Yesterday’s price action in S&P 500 tested both the upper and lower trading levels indicated by our models’ forecast – published before the markets’ open. The index registered the day’s low under 2 points away from our medium-term model’s lower bound and the day’s high was registered under 1 point above the level indicated by our intra-day models.
With the market essentially stalled where it was yesterday – despite the volatile whipsaw moves as forecast by our models – the forecast and the trading plan for the S&P 500 Index today is essentially the same as that given yesterday. Click here to read the full report.
Stay patient, and stay safe while the markets search for a near term direction. Models recommend waiting for the key levels to be breached in either direction before jumping into the markets.