S&P500: TRADING RECOMMENDATIONS – Analytics & Forecasts – 9 August 2021

The American inventory market has been bullish for a few years (see additionally  “Fundamental Analysis and Recommendations”)

Thus, the S&P 500 index final week reached a brand new all-time excessive close to 4440.0, and at the start of the brand new week, the S&P 500 stays near this document stage. A sign for build up lengthy positions might be a breakdown of the native resistance stage of 4440.0.

In an alternate situation, a downward correction of the S&P 500 will start.

The breakdown of the short-term necessary assist stage of 4409.0  could be a sign for the beginning of this situation with objectives on the assist ranges of 4300.0, 4245.0 (Might highs), 4118.0, 4005.0.


Buying and selling suggestions

Promote ​​Cease 4390.0. Cease-Loss 4442.0. Targets 4352.0, 4275.0, 4245.0, 4118.0, 4005.0, 3940.0

Purchase Cease 4442.0. Cease-Loss 4390.0. Targets 4500.0, 4600.0, 4700.0

*) S&P 500:  Current Fundamental Analysis and Market Expectations

**) essentially the most up-to-date “sizzling” analytics and buying and selling suggestions (together with entries into trades “by-the-market”) –

Source link

Leave a Reply

Your email address will not be published. Required fields are marked *