Weakened bull and a happy bear! Neither is forceful for now… The apparently stalled S&P 500 Index that was confied to a directionless channel of about 40 points wide for more than two weeks has finally broken below that channel, confirming a weak bull. Model Biases/Outlook: Having broken below the strong support band of 2710-2700 and probing (more…)
S&P 500 is testing the KEY 2680 level mentioned in our forecasts numerous times over the last few weeks. Our aggressive models closed the booked the short trade profits early and are currently flat, cautious of potential spikes up from the 2680-75 level. IF today closes below 2680, then we enter the bear territory. Today’s (more…)
The bull standing its ground BUT struggling to push forward Last week the S&P 500 Index #SP500 #SPX #SPY #ES closed lower for the week. This marked second week of losses for the index. Nevertheless, the index continues to stay above the key level of 100-DMA since it closed above the indicator on 5/10/2018. Importantly, (more…)
Just two hours back, you read it here: “Despite the seeming weakness at the opening bell, the bears could not push S&P 500 Index #SP500 #SPX #SPY #ES even into the 2715-2705 consolidation band today so far (11:45am EDT), unlike the last two days”. As if the bears took offense to those words, the index was pushed (more…)
brought to you by: TRADERSAI – Artificial Intelligence driven by Natural Wisdom Despite the seeming weakness at the opening bell, the bears could not push S&P 500 Index #SP500 #SPX #SPY #ES even into the 2715-2705 consolidation band today so far (11:45am EDT), unlike the last two days. At the same time, the bulls have (more…)
The bull standing its ground… As stated in this morning’s real time commentary – posted around 11am EDT – the 2710 level was tested again (with the day’s low registered at 2707.38) and it again proved as a strong support and the index never broke below it throughout the session since posting that message (if this reads like (more…)
brought to you by: TRADERSAI – Artificial Intelligence directed by Natural Wisdom S&P 500 Index #SP500 #SPX #SPY #ES is testing the 2715-2705 consolidation band again – for the second day in a row since originally forecast on the 22nd night. If the index closes below this band today, then the bears will gain initial strength, (more…)
