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 […]
Key Support: 4440 Key Resistance: 4490 The SP500 has been trading in a very structured pullback since it printed the highs around 4550 earlier this month. This pullback is capped to the downside by the 4440 level whilst retesting the mid-term bullish structure. My idea here is to buy on a break of the immediate […]
S&P 500 Price Analysis – September 8 At 4,516, the S&P 500 Index is down 0.05 percent on the day. After a positive performance of the global stock market in recent days, which was extended in China but not in Japan, concerns about an economic slowdown due to the Delta variant increased after the nonfarm […]
S&P 500 Price Analysis – September 1 The S&P 500 reached 4545 the highest since the start of the year. For August, the Manufacturing PMI in the United States and the United Kingdom was improved to 60.3 points. With 374K jobs lost in August, the US ADP jobs data fell short. The employment component of […]
S&P 500 Price Analysis – August 25 After recording an all-time high of 4496, few points shy of the 4,500 barriers at the start of the week. The S&P 500 is drifting on Wednesday, despite posting gains during the prior session. The index is trading at 4484, down 0.04% on the day at the time […]
S&P 500 Price Analysis – August 18 Despite the prior day’s loss the S&P 500 returns ahead of the mid 4400, reaching as high as 4453 during the European session while writing, the index was up 0.06% on the day. Retail sales in July fell 1.1 percent monthly to $617.7 billion, according to figures released […]
S&P 500 Price Analysis – August 4 The S&P 500 began the day considerably lower, showing losses at the beginning and failing to keep over the prior week’s high of 4431 levels. The index was down 0.25 percent on the day at 4406 as of this writing. On Wednesday, the Automatic Data Processing (ADP) Research […]
S&P 500 Price Analysis – June 28 The S&P 500 Index is currently up 0.46 percent at 4,412, after reaching a new all-time high of 4,426.1 on Monday. Followed by gradual gains, pre-Fed decision cautionary trading and worldwide concerns about growing covid cases continue to constrain upside attempts. Besides that, the S&P 500’s major sectors […]
