S&P 500 Reverses Higher: Trading Price Targets

Guy Cerundolo
s&p 500 futures chart image upside price targets analysis august

S&P 500 Futures Trading Chart Image and Analysis for August 20

We sent out a note on August 15 to clients highlighting the buy trigger on the S&P 500 Index INDEXSP: .INX (and Emini Futures) as it pulled back last week.

This appears to be taking hold right now.

Momentum off that low has been good with the Friday-Monday rally proving strong.

We expect the S&P 500 Index to move higher from here.  See the chart for price targets and further analysis.

The author may have positions in mentioned securities at the time of publication. Any opinions expressed herein are solely those of the author, and do not in any way represent the views or opinions of any other person or entity.