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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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The current week will wrap up with the most important monthly release out of the US, namely the country’s jobs report due at 1230 GMT. Wage growth is anticipated to again attract the lion’s share of attention out of October’s report. A beat on this front will theoretically more conclusively
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