Pivotal Week Ahead! The FOMC meeting this week is yet another event that could cause a swift spike up – in addition to the ever-lurking US-China trade agreement. These are the two major factors that are keeping the bear at bay, for now. Any “buy the rumor, sell the news” unfolding after these could quickly (more…)
Witch of a Friday! The wildcard of the ever dragging-on US-China trade talks and the quadruple witching Friday add to the noise, making it difficult to discern any signals. Unless investing for a very long term or venturing into an aggressive intraday trade, wiser to stay on the sidelines today. Below, you will find our models’ (more…)
The Wildcard is, still, China! The wildcard of US-China trade talks seems to be cluttering the just about-to-be-clearing-up market view into the next directional bias. And, then…we have quadruple witching Friday tomorrow to make the waters even murkier and result in sudden volatility spikes with or without headlines. Trade lightly and carefully. Below, you will find (more…)
Advantage None The S&P 500 Index did close positive yesterday – an event our models were waiting for – but, the models did not embrace the move with conviction, and thus are not adapting a bullish bias yet. Models got back into an indeterminate state, waiting for a more convincing breakout in either direction.Below, you (more…)
Bear Beaten Down, Bull Appears Young and Vulnerable Last week, the S&P 500 Index failed to credibly break below the 2770 level which our models have been monitoring as the key level since last Tuesday, 02/26. After probing the 2730 level with the session low last Friday, 03/08, the index rebounded into the close with an (more…)
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…)
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…)
Note: Our daily “S&P 500 Outlook, Forecast, and Trading plan for Wednesday, 03/06” will be posted around 8:30am EDT, Wednesday. THE GIST (“THE WHAT”) Struggling for direction, the S&P 500 index continued consolidating within key technical levels looking for a catalyst to break out as investors keenly await any fresh news around U.S. – China (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…)
