Get 40% Off
👀 👁 🧿 All eyes on Biogen, up +4,56% after posting earnings. Our AI picked it in March 2024.
Which stocks will surge next?
Unlock AI-picked Stocks

S&P 500 : Slide May Become Too Steep Amid Crash Zone

Published 11/21/2018, 06:21 AM
Updated 07/09/2023, 06:31 AM


On analysis of the movements of S&P 500 Index and S&P 500 futures since my last analysis, I find that the S&P 500 bears have been sincerely attempting their best to maintaining strong selling pressure amid different noises. I find the S&P 500 futures are heading for the level of 2315. A Steep downward move below the level of 2588 will confirm their final slide into long recessionary period. Let’s have a look at the current movements of S&P 500 futures in the following charts.

S&P 500 Futures Weekly Chart - Expected Trading Zones

S&P 500 Futures Daily Chart - Expected Trading Zones

S&P 500 Futures 4 Hr. Chart - Expected Trading Zones


Disclaimer: This analysis is only for educational purpose. Readers are requested to kindly consider their own view first, before taking any position.

Latest comments

Market prediction. 11.25.18 SPY ETF currently 263 with strong downward momentum on weekly chart.... it will drop to 255 and then bounce to 280 all by Dec.25.18
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.