S&P 500 Price Analysis – December 1 The S&P 500 index has dropped below 4,600 one more time from an intraday high of 4,653 reached in the day. On the first trading day of the month, the index fell 0.32 percent, putting the S&P 500 on track for a corrective pullback under the 4,550 level. […]
S&P 500 Price Analysis – November 24 The S&P 500 maintains its negative correction from just shy of the 4750 mark reached on Monday. The index will likely close on the next level of downside contention near 4,650, implying a negative close ahead of the long weekend. Higher US Treasury yields have a negative influence […]
S&P 500 Price Analysis – November 17 The S&P 500 has had a turbulent start to the week, fluctuating within the range of 4,650/4,720 zone amid the market sentiment. The index is now trading flat on the day, about in the midpoint of this range, a little under 4,700. Positive US macroeconomic data fueled a […]
S&P 500 Price Analysis – November 3 The S&P 500 continues its upward trend in the new week, rising 0.20 percent past 4,650 at the time of writing. Market confidence continues to strengthen throughout the North American day, as evidenced by rising US stock indices post FOMC statement as policy rate remained unchanged. Key LevelsResistance […]
S&P 500 Price Analysis – October 27 The S&P 500 index failed to sustain an upside run, falling from an all-time high of 4,599 to 4,557 in early Wednesday trading. Aside from the Fed’s tapering tantrums, there is a cautious mood ahead of the critical advance estimate of US Q3 GDP. Key LevelsResistance Levels: 4700, […]
S&P 500 Price Analysis – October 20 On Wednesday, the S&P 500 index opened in the green for the sixth day in a row. The index, which hit an all-time high of 4,551 on September 3, was up 0.25 percent on the day at 4,542 at the time of writing. Risk appetite has increased as […]
S&P 500 Price Analysis – October 6 S&P 500 fluctuates around its intraday low, down 1.25 percent on the day under the 4,300 level in the early hours of Wednesday. Following severe losses early in the week, major equity indexes in the United States continue lower, owing to market sentiment. As of writing, the S&P […]
S&P 500 Price Analysis – September 29 On higher activity, the S&P 500 Index squeezed lower the prior day to a low of 4347. It has since rebounded from the lows of the current session to hit an intraday high of 4391 at the time of writing. Since the start of the week, the S&P […]
S&P 500 Price Analysis – September 22 The S&P 500 is projected to have more corrective weakness as it approaches a cluster of limitations beneath the 4330/4300. The index is picking up bids, snapping a four-day decline roughly from 4348 up 0.77 percent intraday on Wednesday, the first upward daily move in the past 5 […]
