CME:ES - S&P 500 Index Futures price Forecast - close to the target of 2850 - Stock trading today
The markets are very complicated and confusing. However, stock indexes are rising as expected. What does it mean for the stock index to go up despite the bad economic situation? It is probably because someone is pushing up the stock indexes. This seems to be the most important element of the stock market.
In January, I expected the S&P 500 index futures to rebound to 2850. Now it is 2846. It is very close to the target price. Of course, it could go higher. However, it is time to pay attention. We need to consider closing the buy-positions. Good opportunities will come again.
[S&P 500 Index Futures weekly chart, CME: ES]
In January, I expected the S&P 500 index futures to rebound to 2850. Now it is 2846. It is very close to the target price. Of course, it could go higher. However, it is time to pay attention. We need to consider closing the buy-positions. Good opportunities will come again.
[S&P 500 Index Futures weekly chart, CME: ES]