S&P 500 Post-FOMC Early Trade Indications As per the forecast published last night, the medium term “models indicate no short bias until at least a daily close below 2740 (slightly bearish) or below 2735 (outright bearish). Models indicate staying flat (no positions) between 2760-35″. Early action following the FOMC decision and statements indicate no significant change in the medium term outlook. However, short term/intraday/aggressive models indicate a slightly bearish outlook (more…)
This 13th is All About The Interest Rates, Trader! The much awaited North Korea summit has come and gone with not much to show or move the markets! There is not decisive dominance by either the bulls or the bears! Everybody seems to be waiting for the FOMC decision on the interest rates tomorrow – (more…)
Note: Our nightly “S&P 500 Outlook,Forecast, and Trading plan for tomorrow” – (usually published between 8:30pm EDT and 10:30pm EDT). S&P 500 TODAY THE GIST (“THE WHAT”) The S&P 500 index traded within a very tight range for most part of the Tuesday’s session, registering the day’s high at 2789.80 as investors shifted their (more…)
The much hyped North Korea summit came and gone with not much “real news” to move the markets. The markets just yawned at it and are now focused on the next big news event – tomorrow’s FOMC Rate Decision and Chair Powell’s press conference, which is sure to bring some fireworks. S&P 500 Index is (more…)
