Major Indices

S&P 500 Futures Chart: Time To Test Lower Support Levels?

For the past several days, I have been talking about the range we’ve been in.  During the past few weeks, the S&P 500 futures developed a floor around 2070. Any buyers swooped in each time S&P 500 futures declined into (or near) that level. But yesterday, the futures index broke…

S&P 500 Market Update: All Eyes On The Prize… 2111

Thus far, April has been pretty good to the stock market bulls. Seasonal tailwinds and a Dovish Federal Reserve have helped to push both stocks and commodities higher. But there’s still a sense of unfinished business: The bulls have yet to see new all-time highs. Like it or not, that’s…

S&P 500 Futures Update: Markets Chop In Wait Of Fed

Outlook for S&P 500 futures April 26 – Waiting on the Fed – The Federal Open Market Committee (FOMC) is set to release a statement tomorrow, and in the meantime, the stock market indices are holding support regions into the announcement. Our overhead resistance levels for S&P 500 futures remain the…

S&P 500 Futures Move Lower; Test Buyers Resolve

April 26 stock market futures outlook – A weekly close above 2082 on S&P 500 futures (ES_F) was a fair signal that buyers are still intent on holding paths north, but undercurrents in this market remain mixed. If prevailing strength were wholly positive, we would see more individual charts catch…

S&P 500 Futures Update: Bulls Look To Defend Big Picture

Outlook for S&P 500 futures for April 22 – Though I don’t often bring the big picture into focus on my intraday trading report, it is important to realize that within this noise of price action are two important elements going on in the stock market right now. Buyers are being…

S&P 500 Futures: Overhead Resistance Keeps Bulls In Check

April 21 S&P 500 futures overview – Charts moved just shy of our upper target yesterday and failed to breach the 2105.25 level overnight. Buyers hold strong again – and no differently under divergent momentum. Our ranges remain the same but watch for the expansion over 2105.75 to drive shorts to…

April 19 S&P 500 Futures: Major Price Targets Come Into View

The Morning Report  –  Outlook for April 19 stock market futures (S&P 500) The S&P 500 futures chart expanded into trending formations yesterday and has held within the higher resistance regions. That said, traders have ignored divergent technical behavior beneath and have driven the ES_F into the next big region of…

S&P 500 Chart Update: 12 Reasons To Be Bullish On Stocks

The stock market looks bullish here from a historical standpoint. The S&P 500 (SPY) is currently overbought so some consolidation here shouldn’t be surprising. Let’s see if the S&P 500 follows through and continues this trend. Below are 12 bullish signs from the S&P 500 chart below. 1.  Bullish gap up…

S&P 500 Futures Retreat From Wall Of Resistance

S&P 500 futures outlook for Apr 18, 2016 – After traders were disappointed by the Doha ‘no decision’ outcome, the charts backed right down into Wednesday’s predicted test of support near 2061.5. Although the chart bounced off that support region, it did lose it for a time as sellers finally thought…