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…)
