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The S&P 500 stock index registered three negative weeks in a row and the short-term trading may not get any better yet as the technical indicators keep flashing bearish signals; the MACD has dropped into the negative area and is currently looking stable below its red trigger line, while the
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S&P 500 index (US 500) challenges significant obstacle near 2812; holds above the 200-day SMA. S&P 500 stock index jumped above the 2812 strong barrier, which had been holding since December 3, pointing for more bullish pressures in the near term. Prices hit an almost five-month high of 2819 earlier today,
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S&P 500 stock index (US 500) finds resistance at 200-SMA, hovers around 61.8% Fibonacci. S&P 500 stock index found a strong resistance obstacle at the 200-simple moving average (SMA) in the daily timeframe, hovering around the 61.8% Fibonacci retracement level of the down leg from 2,940 to 2,332, near 2,708. The short-term technical indicators
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After a year that saw the S&P 500’s bull run become the longest in history and then abruptly end, giving way to a steep correction, investors are increasingly nervous that 2019 may be an even more challenging period as the US economic cycle appears to be nearing its final stages.
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S&P 500 index (US 500) moves above 14-month trough; outlook switches to negative. The S&P 500 index had a bearish start on Monday, with the price breaking crucial support at 2600 to drop towards a 14-month low of 2529.80 and taking its year-to-date losses to 4.7%. The price has also increased distance below
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S&P 500 index (US500) jumps above rising trend line again after negative gap. The S&P 500 index is trying to recover ground as it opened with a negative gap today. The price is climbing above the rising trend line, continuing the bullish outlook. The RSI is standing below the neutral threshold of
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S&P 500 index (US 500) rises above SMAs after gap up. The S&P 500 index opened higher today as it posted a positive gap, surpassing the 50- and 200-simple moving averages in the daily chart. The index is set to complete the sixth green day in a row after the rebound on
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S&P 500 index (US 500) drifts lower, crosses back below 200-day SMA. The S&P 500 index fell sharply in recent sessions, crossing decisively back below its 200-day simple moving average (SMA) on November 12, which has turned the near-term bias to negative. Short-term oscillators support the notion. The RSI is below 50
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S&P 500 (US 500) index eases slightly after sharp flying mode. The S&P 500 index recorded considerable gains at the end of October and early in November, following the rebound on the 2600 support. The index has now crossed back above its 200-day simple moving average (SMA), which keeps the broader outlook cautiously
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The US midterm elections next week are widely expected to produce a split Congress. Investors appear somewhat complacent on the outcome, which allows room for notable market reactions in case of a surprise, like one of the parties taking control of both chambers. Below follows an analysis of the possible
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