Major Indices

Stock Market Futures Trading Outlook: A Big Break Is Coming

Stock Market Futures Outlook for February 23, 2018 Diminishing directional moves continue as the current price range compresses on the S&P 500.  Traders should expect a strong break soon, but which way seems obscured. Fades are likely but not without some kind of failed bounce attempts. We sit above important support at…

S&P 500 Futures Update & Trading Outlook: Eyes On 2705

Broad Stock Market Outlook for February 22, 2018 Price resistance stood tall yesterday and rejected the bulls advance. This lead to a very swift move to lower price support from last Thursday.  As I mentioned yesterday, big spikes in either direction for stock market futures will likely be reversed but these…

S&P 500 Futures Trading Outlook: 2700 Level Looms Large

Broad Stock Market Outlook for February 16, 2018 Buyers remain in control after making a higher low on yesterday’s dip. That dip saw S&P 500 futures hit 2688 – quite near our level of 2684 – and reverse higher. We’ll need to see how well we hold 2697 today as support. Watching…

S&P 500 Technical Update and Short-Term Price Targets

With the quick rebound, I want to show where some of the potential stopping points are on the S&P 500 Index. I would say there is a more than 50/50 chance we rollover and test (within 1% – 2%) the recent lows. The S&P 500 has retraced more than 38.2%…

S&P 500 Futures Trading Outlook For February 15

Broad Stock Market Outlook for February 15, 2018 Buying strength has continued as charts move to recover the entire dip that began Feb 4. “Old” resistance near 2697 could easily firm up as “new” support but I expect some swings that could dip deeper into 2684. Today, we will watch support…

Russell 2000 Elliott Wave Forecast: Higher Target Possible

The recent correction in U.S. stock indices is on par with expectations we described last October. Now we highlight some supports and targets to watch in the iShares Russell 2000 ETF (NYSEArca: IWM) with an overall bullish expectation into summer. Assuming our support levels hold, this serves as a Russell…

The Beauty Of A Range-Bound Stock Market

After a 12% correction over the last two weeks, traders are left to question what the next two weeks and beyond may have in store. The good news is that the short-term upswing this week created a perfect framework for evaluating the next move for the S&P 500: A range-bound…

Stock Market Futures Update: Bounce Helps Trapped Buyers

Broad Market Outlook for February 13, 2018 Cross currents are bringing choppy action as price resistance formations form. Traders need to be careful with buying extended moves in this environment as there will be trapped buyers in the mix of contention (looking to sell into each move higher). If you’re long,…

S&P 500 Weekly Outlook: Welcome Back Two-Sided Market!

The stock market declined once again last week, with the S&P 500 (SPX) falling 5.1%. This occurring despite Friday’s reversal and rally back into the green. That rally is carrying over into today’s action. But traders should prepare for another bumpy week. Welcome back, two-sided market! S&P 500 Analysis and…