INTRADAY ALERT – THU – S&P 500 TESTED KEY LEVELS As per the trading plans published last night for Thursday’s markets: Both of our medium-term and short-term/intraday models are currently flat (no positions) and are monitoring for potential break below 2690. The S&P 500 Futures market has tested this level by printing the overnight session (more…)
The Dancing Bear – How Long Can It Celebrate Before the Bulls Attack? S&P 500 Index witnessed a dog-fight between the bulls and the bears today, Wed 06/27. The index was up some 23+ points by midday, only to give it all up and close at 2699.63, down 23.43 points! Our Intraday Alert published at (more…)
Note: Our nightly “S&P 500 Outlook,Forecast, and Trading plan for Thursday, 06/28” – please check back later (usually published around 10:30pm EDT on Tuesday). S&P 500 TODAY – WED 06/27 THE GIST (“THE WHAT”) The S&P 500 index opened higher after President Trump hinted a softening stance over Chinese Investments in American Technology firms, further (more…)
In the Intraday Alert published this morning at 10:02am EDT (please click here to see the report) you read as below: “With the index breaking above 2735, our Intraday, Aggressive models have gone long (bought) at 2735.50, with a trailing stop of 7 points. The models have a take-profit sell order at 2741.50 (index level), as (more…)
In our S&P 500 Index forecast for Wednesday – published last night – you read: “The aggressive, intraday models are currently flat. For Wednesday, the aggressive/intraday models indicate indeterminate bias between 2710-2735 – stay flat between these levels. Above 2735, long bias with very tight stops/trailing stops (5-10 points, depending on your trading style and (more…)
The Bear To Consolidate Its Position or Retreat? S&P 500 Index tried to approach and test the key level of 2735 on Tuesday – the index registered the session’s high at 2732.91 as of our Intraday Alert published at 2:10pm (click here for details). Tuesday’s modest gains look more like bear consolidation rather than like (more…)
Note: Our nightly “S&P 500 Outlook,Forecast, and Trading plan for Wed 06/27” – please check back later (usually published around 10:30pm EDT on Tuesday). S&P 500 TODAY – TUE 06/26 THE GIST (“THE WHAT”) Led by Energy stocks, the S&P 500 index attempted to rebound from its steepest one-day decline in two months, registering the (more…)
S&P 500 Index approached and testing the key level of 2735, which is being monitored by our Intraday, Aggressive Models. The index has registered the session’s high at 2732.91 and is hovering around 2730 as we write this (@ 2:10pm EDT). Intraday Models indicate selling short on a failure here and if the index breaks through (more…)
The Lurking Bear Spotted In the Open! As clearly mentioned in our forecast for Monday – published Sunday night: The bulls seem weakened with the action last week, but still the bearish territory is not in sight yet. The index is approaching the key level of 2740, which could bring in climactic reactions in either (more…)
Note: Our nightly “S&P 500 Outlook,Forecast, and Trading plan for Tue 06/26” – please check back later (usually published around 10:30pm EDT on Monday). S&P 500 TODAY – MON 06/25 THE GIST (“THE WHAT”) In the biggest one day decline in two months, the S&P 500 index opened with significant losses as trade war concerns (more…)
