Bear or Bull, the Market Approaching Potential Inflection Point The S&P 500 Index did not confirm a bearish break down on Friday, after closing below the key 2770 level our models have been monitoring since last Tuesday, 02/26. A daily close below 2730 is required to confirm a shift to a bearish bias and a daily (more…)
Is That Bear About to Emerge Fully Today or Monday? With the S&P 500 closing yesterday below the key 2770 level our models have been monitoring since last Tuesday, 02/26, our models have negated the bullish bias today (click here to read the full forecast and/or to cross check the key levels). Yesterday Europe, last night (more…)
Lower Bound of the Key Range being Tested With the S&P 500 testing the 2770 level our models have been monitoring since last Tuesday, 02/26 (the index registered yesterday’s session low at 2768.69, and closed at 2771.45), expect strong battle here – bulls trying to defend the level and the bears trying to take it (more…)
The Long-winded China (trade-talks) Road Getting Tiring, yet? The market seems a bit tired of waiting for, what feels like “eternally dragging on”, US-China trade talks’ resolution, and yet can not seem to ignore the potential upside (even if going to be short lived) of any such. For lack of any further catalysts to push upwards (more…)
It’s a Yo-Yo Within the Range! Notwithstanding the attempt to move down, the index is stuck within the key range we forecast on Tue 02/26: “The S&P 500 Index failed to follow through on the break above the key 2813.62 level…the 2815 level is yet to be tested. On the downside, …. are the multi-layered key support (more…)
Testing the Next Peak? In the overnight futures market, the S&P 500 Index appears poised to test the key levels we published in the forecast from Tue 02/26: “The S&P 500 Index failed to follow through on the break above the key 2813.62 level (78.6 Fibonacci retracement of the July highs to January lows move). The (more…)
NFP Exuberance Adding to the Earnings Euphoria! Markets Feeling Giddy, Yet? NonFarm Payrolls just crushed the estimates and the index futures are flirting with overnight highs, albeit not pierced them yet. The headlines could add to the exuberance (irrational, yet? Need to ask Greenspan) already pervading the markets based on this week’s earnings beats (on (more…)
Earnings Euphoria to Power the Markets Ahead! Is It Sustainable? Facebook and Boeing are just a couple of names to beat the estimates. Couple with this the dovish Fed, and lack of any major geopolitical news (notwithstanding Venezuela), and we can see why the markets are acting giddy with euphoria! Unless something totally unexpected pops (more…)
Apple and FOMC – Main Drivers of Today’s Market Sentiment Apple’s earnings last night (“the worst is over”?), FOMC Interest Rates decision this afternoon, and the key technical levels to be the main drivers of the market action today. As we have been indicating since 01/09, the index is looking at strong resistance level around (more…)
Earnings, China, Venezuela, and the Fed! That’s a Lot on The Agenda this Week! Besides key earnings, the boiling geopolitical situations, the Fed meeting this week, and the key technical levels…there is a lot riding on this week’s market agenda, which could cause occasional wild gyrations. As we have been indicating since 01/09, the index (more…)
