Chartology

Stock Market Futures Weekly Trend Analysis – March 27

THE BIG PICTURE With week 12 in the books, the major stock market indices continue to a pullback withing a broader move to the upside – an ongoing uptrend holding above each indices respective 50/144 ema and key moving averages (50, 200) on higher time frames. Note that you can find last…

Crude Oil Likely To Rally Before Heading Lower Once More

Where Is Crude Oil Headed? West Texas Crude Oil (WTI) is currently sitting near $47.85/barrel, and continues to waffle around its 200-day average near $48.75.  I took some profits on my “short” crude oil position (via the short crude oil ETF, NYSEARCA:SCO) as I’m still looking for a bounce toward…

S&P 500 Technical Trading Update and Outlook – March 24

S&P 500 Futures: (2-3 Days) Bearish Heading into the last day of the week, the short-term trend for the S&P 500 (INDEXSP:.INX) remains down. A bounce is occurring across the stock market indices but it has thus far failed to make enough progress to think lows are in place. Until futures prices can…

S&P 500 Chart Update: Price Targets For This Pullback

Well, investors finally received a pullback across the broader stock market indices. It’s still too early to tell how deep the decline will run, but for now the indices are pausing/holding near key short-term support. The S&P 500 Index (INDEXSP:.INX) is trading around 3 percent off its highs but some headwinds remain……

S&P 500 Futures Trading Outlook For March 22

Stock Market Considerations For March 22, 2017 Momentum selling aggravated a move downward below key weekly support levels. The S&P 500 (INDEXSP:.INX) is trying to bounce… Check the support levels in the commentary below and on the charts. Check out today’s economic calendar with a full rundown of releases. Note that the charts below…

S&P 500 Futures Trading Outlook For March 20

Stock Market Futures Considerations For March 20, 2017 The S&P 500 (INDEXSP:.INX) is bouncing off support and looks to consolidate at higher prices. As for commodities, crude oil is rangebound while the buy rating on Gold last week from GS holds the precious metals higher but into consolidation. Check out today’s economic…

U.S. Corn Futures Weekly Outlook: Headwinds Persist

May corn futures moved slightly higher this week, closing up 3 ¼-cents per bushel week-on-week, finishing on Friday (3/17) at $3.67 ½. Friday’s positive close was important for corn bulls with May corn futures under significant selling pressure from March 6th through March 14th, breaking 23-cents per bushel from high-to-low…

S&P 500 Futures Trading Outlook For March 17

Stock Market futures Considerations For March 17, 2017 I am looking at 5440.75 on Nasdaq futures being a temporary high for now as we consolidate at higher lows.  The move that spiked gold with the charts may have been a stop running move as volume there was a bit lower,…