This tug-of-war, we witnessed just a couple of weeks ago! The market action today has been almost the flipped version of it from yesterday (especially so if you consider the e-mini futures market as well). The apparently stalled S&P 500 Index that was confied to a directionless channel of about 40 points wide for more (more…)
(1) You read it here, in our outlook published last night: – “Stay flat between 2683 and 2705.” (aggressive, short term traders)– “Models indicate no short bias until below 2675.” (medium term investors)So, whether you consider yourself a medium term investor or an aggressive, short term trader, you would NOT have sold short the market today, and hopefully avoided losses on any such (more…)
S&P 500 testing the KEY level of 2715 mentioned in our SP500 outlook published last night (current high for the day registered two points beyond, at 2717.26 with the index currently at 2714.93 @ 1125am EDT). If the index closes above 2705 today, it will negate yesterday’s bear push and point to it as a (more…)
Traders AI – Powered by Artificial Intelligence AND Driven by Natural Wisdom. Good morning! There are a bunch of economic releases scheduled for 0830am EDT: – US GDP Annualized Quarter-over-Quarter– US GDP Price Index– US Advance Goods Trade Balance– US Wholesale Inventories– US Personal Consumption– US Core PCE Expect a lot of whipsaws around these (more…)
S&P 500 THE GIST (The “What”): The index opened Tuesday’s session sharply lower as Italy’s political chaos threatened a global slow down. The broad based sell-off slowed down during the afternoon session and attempted to reverse, reaching the day’s high at 2710.67 (close to the 100 DMA now at 2710.63) following the release of Consumer (more…)
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…)
