US500

It’s been a fast-evolving market since the Presidential election three weeks ago. But stocks remain higher, Bitcoin has put in a major move and gold is on its back foot.

SPX has a sizable gap sitting below current price action and the top of that zone came into play for four consecutive days, while remaining well defended by bulls ahead of this week’s test of 6k.

S&P 500 futures pulled back again last week and as yields have continued their run-higher, there’s more potential for greater pullbacks ahead. Both the election and FOMC can bring impact on both fronts.

The S&P 500 has shown resilience, with US stocks rebounding on the back of strong earnings reports today. Positive surprises from major companies, such as Tesla, and strong performances in Europe are helping to stabilise sentiment.

In the last week or so, the S&P 500 hasn’t gone anywhere, trading inside a tight range – albeit near its recently-hit all-time high. So far it has been a week void of any major economic data. So, you can understand why the market has been a bit cagey this week. But investors are also wary of at least two major risk events, which could dent the S&P 500 forecast

Stocks haven’t shown much for pullbacks of late, but S&P 500 Futures have struggled so far to gain acceptance through the 5900 level.

S&P 500 futures have shown little interest in the major repricing of Federal Reserve rate cut expectations caused by Friday’s blowout non-farm payrolls report for September, raising the question whether Thursday’s US consumer price inflation (CPI) report is as big a risk event as some make it out to be.

It’s been an amazing rally since last Q4’s open and now that the Fed is finally able to cut rates, stocks have started to stall.

Investors are turning their attention to US earnings with 29% of the S&P 500 companies set to report their results this week. Tonight, we will hear from two of the “Magnificent Seven” tech stocks, Alphabet and Tesla, which could impact the S&P 500 forecast.

At the start of a new quarter, seasonality and holiday trade create the type of environment where US stock indices could easily add to recent gains. But with signs of fatigue creeping in after such a strong rally, are we due a pullback?

Stocks have not responded in the usual way of cheering on weaker-than-expected data. The questions, are we finally headed for a long overdue correction now? The S&P 500 outlook is not bearish yet from a technical viewpoint, but the potential is there for that to change in the coming days.

Concerns over prolonged high interest rates have started to undermine stocks a little, with risk appetite waning amid a lack of major fresh bullish catalysts ahead of Friday’s publication of core PCE price index. A potential close below 5250 today could turn the S&P 500 outlook bearish in the short-term perspective.

The short-term S&P 500 outlook could turn bearish if we see some downside follow-through below Thursday’s range when it formed a rather large outside candle after the fresh breakout to a new all-time high was met with strong selling, despite Nvidia’s strong showing.

S&P 500 analysis: Investors interpret Fed as slightly less hawkish than expected, but macro concerns remain. Attention turns to Apple, expected yo report a 10% decline in iPhone sales, before Friday's release of NFP and ISM services PMI.

It was a come back type of week for stocks, even with another hot inflation report. But next week brings the Fed and markets are still holding on to hopes for 2024 rate cuts.

The S&P 500 extends losses to third week amid raised geopolitical risks and rising bond yields. Concerns over the escalation of the situation in the Middle East is at the forefront of investors’ minds. The situation remains volatile with Israel seeking revenge for Iran’s retaliatory attacks on Saturday.

June rate cut uncertainty amid economic resilience, as stocks wobble ahead of CPI. S&P 500 technical analysis shows bullish trend is starting to weaken.