The SP500 retraced back from all-time highs on Monday and has been trading inside of a range after closing the weekend gap. This is important because a failure to close below the 3500 level is very bullish and would also mean a new higher low has been printed. After the US presidential election there is […]
S&P 500 Price Analysis – November 10 S&P 500 pullback from the all-time high continues lower as it retreats beneath the 3350 levels during early Tuesday. The COVID-19 vaccine-induced optimism, mainly propelled by headlines from Pfizer-BioNTech research boosted the financial markets but later weakened. Key LevelsResistance Levels: 3750, 3600, 3550Support Levels: 3500, 3400, 3210S&P 500 […]
S&P 500 Price Analysis – November 3 S&P 500 extends upside advance beyond 3350, up 0.5% on a day, during early Tuesday. The index went higher at the start of the week as investors get ready for the US presidential election. After the strong negative sessions in the preceding month, the index is trying to […]
S&P 500 Price Analysis – October 28 S&P 500 declines under 3350 level while flashing red on renewed coronavirus concerns and fading prospects of additional fiscal stimulus deal. At press time, the S&P 500 futures are down over 0.85% at the 3349 levels. S&P 500 has seen a sharp sell-off and a daily close beneath […]
S&P 500 Price Analysis – October 20 The S&P 500 is fixing a correction from the 5th consecutive daily low level of 3419 while raising rates around 3440, up 20 points, or 0.60% during the day during the Tuesday trading session. Uncertainty about fiscal stimulus, US elections, and the pandemic could mean the adjustment is […]
S&P 500 Price Analysis – October 13 The S&P 500 upside move stalls at 3544 levels while trading in the negative territory on Tuesday as investors adopt a cautious stance while waiting for fresh developments surrounding the US stimulus talks. As of writing, the S&P 500 was down 0.65% on the day at 3520 levels. […]
S&P 500 Price Analysis – October 6 During Tuesday’s American session, S&P 500 alternates around 3400 marks, down 0.07 percent intraday. In doing so, the risk barometer separates paths from the upbeat output of Monday that analyzed the highs of mid-September. The speech of Fed Chair Powell, Trump’s update to COVID-19 to decide subsequently. Key […]
S&P 500 Price Analysis – September 22 The S&P 500 increases to 3301 levels up 0.33% on a day, during early Tuesday. In doing so, the equity derivative rises from the 5th day in a row plunge. The S&P 500 plummeted further in the previous day as fears of the coronavirus (COVID-19) resurgence roiled the […]
The risk sentiment got a lift on the upbeat Chinese activity data and the above headlines, as S&P 500 upside bias continues beyond 3400 levels and jumped back in a bid to re-test 3450 levels. Note that China’s compliance with buying the US products under the Phase 1 trade agreement is about to reach just […]
