Tag "stock market futures"

S&P 500, Nasdaq, and Crude Oil Futures Outlook For March 24

Stock Market Futures Considerations For March 24, 2017 Range bound behavior on the S&P 500 (INDEXSP:.INX,) is visible as the bottoming event I mentioned yesterday held.  This morning we are seeing a bounce higher.  The short-term bottoming formation will likely be tested and that will be telling for near-term market direction….

S&P 500 Futures Trading Outlook For March 23

S&P 500 Futures Trading Considerations for March 23, 2017 The S&P 500 (INDEXSP:.INX) held support yesterday but a test is likely to occur soon on futures.  2351 to 2355 will be the levels to watch today – buyers will become braver if they can maintain these levels.  Technical price support levels sit…

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…

Stock Market Futures Weekly Trend Analysis – March 19

THE BIG PICTURE Q1 – what a ride! Looking at the weekly chart of the S&P 500 futures (below), it has been nothing but relentless price momentum upside with the casual minor pullback on a S&P 500 (INDEXSP:.INX) daily chart.   Permabears have been littering the twitter waves for months now…

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,…

S&P 500 Futures Trading Outlook For March 15

Stock Market Futures Considerations For March 15, 2017 Traders are expecting an interest rate hike today (Federal Reserve meeting), but it’s curious to see the action in gold and silver – perhaps they suspect it will be a ‘buy the rumor, sell the news’ event.  Expect volatility on the S&P 500 (INDEXSP:.INX) and…

S&P 500 Futures Trading Outlook For March 14

S&P 500 (INDEXSP:.INX) Trading Considerations For March 14, 2017 The charts are showing tightened ranges heading into the Federal Reserve meeting and interest rate decision tomorrow. See today’s economic calendar with a rundown of releases. S&P 500 Futures Price support and resistance remain similar to yesterday. Use caution buying the breakouts or selling breakdowns. Use the retest to…

S&P 500 Futures Trading Outlook For March 13

S&P 500 Futures Market Considerations For March 13, 2017 The S&P 500 (INDEXSP:.INX) bounced off a weekly support level last week and continue to bounce around this key level.  Resistance levels need to be breached and retested before proving out the breach.  Support near 2358.25 could be tested but are also likely to…

Stock Market Futures Weekly Trend Outlook – March 13

THE BIG PICTURE  Pullback Indeed! Many have been hoping for a pullback for weeks, and week 10 delivered as stated in last week’s outlook, “key events on the horizon may be just the catalyst we need to pull back and correct the market to its nearest open gaps.” Open gaps may not be…

S&P 500 Futures Trading Outlook For March 10

S&P 500 Futures Trading Considerations Mar 10, 2017 The S&P 500 (INDEXSP:.INX) bounced off a weekly support level yesterday and thus far we are holding higher through the jobs report. Buying pressure will likely strengthen above a positive retest of 2375, while selling pressure will likely strengthen with a failed retest…