What Comes Next For The S&P 500?

www.investing.com/analysis/what-comes-next-200348370

By Tim Knight | Oct 15, 2018 01:33AM ET

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What happens this week? What even happens on Monday morning? It’s a big question on everyone’s mind, because last week was so out of the ordinary.

Simple chartist that I am, I can merely point out to a couple of important price levels. One of them is 2800 on the S&P 500, which is, conveniently, a nice simple number to remember.

Chart 1

If we look at more data, we can understand the especial importance of this level, since it is roughly around the same point of the trendline failure. If there is enough strength to power past 2800, I’d say approximately 2870 is the next zone worthy of close observation.

Chart 2

By the way, if I’m ever caught as one of the biggest tax cheats of all time, can I start a war with Saudi Arabia to change the subject? Asking for a friend.

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Central Banks

Interest Rates

Next Meeting

FED

5.50%

Dec 13, 2023

ECB

4.50%

Dec 14, 2023

BOE

5.25%

Dec 14, 2023

SNB

1.75%

Dec 14, 2023

RBA

4.35%

Dec 05, 2023

BOC

5.00%

Dec 06, 2023

RBNZ

5.50%

Feb 28, 2024

BOJ

-0.10%

Dec 19, 2023

CBR

15.00%

Dec 15, 2023

RBI

6.50%

Dec 08, 2023

PBOC

3.45%

BCB

12.25%

Dec 13, 2023

US 30	35,951.0	+0.1	+0.00%
US 500	4,564.6	-3.2	-0.07%
Dow Jones	35,950.89	+520.47	+1.47%
S&P 500	4,567.80	+17.22	+0.38%
Nasdaq	14,226.22	-32.27	-0.23%
S&P 500 VIX	12.92	+0.03	+0.23%
Dollar Index	103.445	+0.769	+0.75%

Crude Oil WTI	75.77	-0.19	-0.25%
Brent Oil	80.39	-0.06	-0.07%
Natural Gas	2.809	+0.001	+0.04%
Gold	2,042.30	+4.20	+0.21%
Silver	25.405	+0.112	+0.44%
Copper	3.8577	+0.0042	+0.11%
US Soybeans	1,343.00	-4.00	-0.30%

U.S. 10Y	4.316	-0.033	-0.76%
U.S. 30Y	4.492	-0.019	-0.41%
U.S. 5Y	4.252	-0.046	-1.06%
U.S. 3M	5.416	+0.013	+0.25%
US 10Y T-Note	109.73	+0.27	+0.24%
Euro Bund	132.40	+0.05	+0.04%
10-2 Yield Spread	-38.84	+3.34	+-7.92%

Apple	189.91	+0.54	+0.29%
Alphabet A	132.45	-2.54	-1.88%
Tesla	239.79	-4.35	-1.78%
Amazon.com	146.05	-0.27	-0.18%
Netflix	473.97	-3.22	-0.67%
Meta Platforms	327.15	-5.05	-1.52%
Bank of America	30.48	+0.41	+1.36%

What Comes Next For The S&P 500?

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