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.
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