Daily Price Outlook

The global market sentiment has continued its upward trend, gaining further traction on Friday as the S&P 500 bounced back from its recent dip. The Dow Jones Industrial Average surged, gaining 322.35 points, or 0.87%, reaching 37,404.35. Simultaneously, the Nasdaq Composite showed strength with a 1.26% increase to 14,963.87.

The S&P 500's positive movement was widespread, with over 450 names rising in the index. Micron Technology took the lead, jumping 8.6% after exceeding quarterly expectations and providing optimistic guidance for the current quarter. Salesforce also contributed to the Dow's gains, rising 2.7% following an upgrade from Morgan Stanley.

However, the market rebound comes after a brief downturn, where both the Dow and Nasdaq experienced their worst sessions since October, snapping nine-day winning streaks. The S&P 500 similarly posted its worst day since September.

Fed's Influence on S&P 500 and Global Interest Rate Trends

As mentioned earlier, the S&P 500 is bouncing back, thanks to hopes that the Federal Reserve might change its approach. Though the Fed has tried to cool expectations of speedy interest rate cuts in the next year, investors seem unconvinced. The CME Group's FedWatch Tool suggests a higher chance of a Fed rate cut by March 2024, with a predicted total of 150 basis points in cuts by year-end.

According to the latest info, the US economy grew by 4.9% in Q3, a bit less than the first estimate of 5.2%. Jobless claims went up to 205,000 but are still impressively low. The 10-year US Treasury bond yield is hanging around its lowest point since July. Meanwhile, the US Dollar is making a comeback. All these signs suggest a possible global trend of cutting interest rates, which could be good news for the S&P 500 and make things cozy for optimistic traders.

Global Monetary Policy Developments and Potential Impact on S&P 500

Furthermore, the recent drop in UK inflation, the lowest in two years, has sparked expectations that the Bank of England might cut rates in early 2024. Similarly, softer inflation data from the Eurozone indicates a potential for earlier rate cuts by the European Central Bank. Additionally, the US Core Personal Consumption Expenditure (PCE) Price Index could provide insights into the Federal Reserve's policy outlook. These developments suggest a global trend toward easing monetary policies.

Therefore, the potential rate cuts by major central banks, including the Bank of England and the European Central Bank, may positively impact the S&P 500 as investors anticipate favorable conditions for economic recovery and market growth.

S&P500 (SPX): Technical Analysis

On December 22, the S&P 500 Index exhibited a notable surge, rising by 1.03% to 4,746.76. This upward trajectory indicates a renewed vigor in the market, as the index surpasses its pivot point at $4,632. Looking ahead, the S&P 500 faces immediate resistance at $4,685, followed by further barriers at $4,772 and $4,826. On the downside, support levels are established at $4,545, $4,489, and $4,435, which will be crucial in the event of any retracement.

The technical indicators paint a complex picture for the S&P 500. The Relative Strength Index (RSI) stands at 65, hovering near the upper threshold of bullish sentiment but not yet indicating overbought conditions. This suggests that there is still some room for upward movement. However, the Moving Average Convergence Divergence (MACD) presents a contrasting scenario with a value of -2.87 against a signal of 45.17, hinting at potential bearish pressure.

Furthermore, the index's price action remains above the 50-Day Exponential Moving Average (EMA) of $4,731, typically a sign of a bullish short-term trend. Despite this, a bearish engulfing pattern observed on the daily timeframe, particularly below the $4,750 level, suggests a potential downtrend in the S&P 500.

Given these mixed signals, the overall outlook for the S&P 500 appears cautiously bearish, especially if it remains below the critical $4,775 level. In the short term, investors and traders should anticipate the index testing its immediate resistance levels. A successful breach of these could indicate a shift towards bullish momentum. Conversely, failure to overcome these levels might lead to a pullback towards lower support zones.

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Daily Price Outlook

- S&P 500 shows modest gains, facing immediate resistance at $4,690.

- Overbought RSI and a Doji candle under $4,720 suggest potential market indecision.

- Short-term outlook: testing key resistance levels, with a bearish shift possible below $4,730.

On December 15th, the S&P 500 index presents a complex technical landscape, reflecting the nuanced shifts occurring in the broader market. Currently at 4719.54, the index registers a modest uptick of 0.26%, navigating a territory rife with potential turning points.

A pivotal benchmark for the S&P 500 is set at $4,650, serving as a fulcrum for its future movements. The index faces a series of resistances at $4,690, $4,732, and $4,771. These levels are critical in determining whether the index can sustain its upward trajectory or if it will face retracement. Support levels are established at $4,627, $4,586, and $4,565, offering potential footholds in case of a downturn.

The technical indicators provide deeper insights into the index's current momentum. The Relative Strength Index (RSI) stands at an elevated 83, indicating an overbought condition that may signal a forthcoming pullback. The MACD, at 9.330, is significantly below its signal line of 44.910, suggesting a loss of bullish momentum. Moreover, the index’s current position above the 50-Day Exponential Moving Average (EMA) of $4,663 points to a short-term bullish trend.

However, the formation of a Doji candlestick pattern below the $4,720 level implies potential indecision among investors, hinting at a possible shift in market bias. This candlestick formation, coupled with the RSI and MACD readings, suggests that the market may be poised for a period of consolidation or reversal.

In conclusion, while the S&P 500 exhibits signs of a bullish run, the technical analysis indicates a potential shift to bearish territory below the $4,730 mark. In the short term, the market is expected to test these resistance levels, with the outcome likely to be influenced by investor sentiment and broader market dynamics.

S&P500 (SPX) - Trade Idea 

Entry Price – Sell Limit 4736

Take Profit – 4610

Stop Loss – 4820

Risk to Reward – 1: 1.5

Profit & Loss Per Standard Lot = +$1260/ -$840

Profit & Loss Per Mini Lot = +$126/ -$84

Daily Price Outlook

The global market sentiment has maintained its upward trend and remained bullish as U.S. stocks opened strong on Friday, with the Dow Jones Industrial Average securing its second consecutive record high close. However, the surge was mainly driven by optimism surrounding the Federal Reserve's dovish pivot, suggesting a potential decrease in borrowing rates next year.

This positive momentum continued from Thursday, December 14, 2023, when the S&P 500 gained 0.3%, and the Dow notched another record high. Federal Reserve officials' comments hinting at potential interest rate cuts in the coming year have fueled this optimistic outlook, triggering market activity.

It should be noted that S&P 500 (.SPX) rose by 0.29%, stood at 4,719.55 points, staying just under 2% below its January 2022 record high. The Nasdaq Composite Index (.IXIC) increased by 0.19% to 14,761.56 points, while the Dow Jones Industrial Average (.DJI) climbed 0.43% to 37,248.35 points.

Fed's Policy Impact, Economic Outlook, and Retail Sales Surge

Investors are keeping a close eye on the recent developments in the financial market. The 10-year Treasury yields have fallen below 4%, marking the first time since early August. This shift comes in the wake of the Federal Reserve's decision to keep interest rates unchanged.

Federal Reserve Chair Jerome Powell has hinted that the era of significant tightening of monetary policy may be coming to an end. This decision is influenced by the unexpectedly rapid decline in inflation.

The market is responding positively to the prospect of lower rates. However, there are concerns about the overbought nature of the market. Despite these concerns, the unexpected growth in U.S. retail sales in November, as reported by the Commerce Department, has alleviated fears of a recession. This positive news is contributing to the overall optimistic sentiment in the market.

Therefore, the news of falling Treasury yields and the Fed's stance has boosted SPX sentiment, potentially driving higher stock prices amid eased recession fears and positive economic indicators.

S&P500 (SPX) - Technical Analysis

On December 15th, the S&P 500 index presents a complex technical landscape, reflecting the nuanced shifts occurring in the broader market. Currently at 4719.54, the index registers a modest uptick of 0.26%, navigating a territory rife with potential turning points.

A pivotal benchmark for the S&P 500 is set at $4,650, serving as a fulcrum for its future movements. The index faces a series of resistances at $4,690, $4,732, and $4,771. These levels are critical in determining whether the index can sustain its upward trajectory or if it will face retracement. Support levels are established at $4,627, $4,586, and $4,565, offering potential footholds in case of a downturn.

The technical indicators provide deeper insights into the index's current momentum. The Relative Strength Index (RSI) stands at an elevated 83, indicating an overbought condition that may signal a forthcoming pullback. The MACD, at 9.330, is significantly below its signal line of 44.910, suggesting a loss of bullish momentum. Moreover, the index’s current position above the 50-Day Exponential Moving Average (EMA) of $4,663 points to a short-term bullish trend.

However, the formation of a Doji candlestick pattern below the $4,720 level implies potential indecision among investors, hinting at a possible shift in market bias. This candlestick formation, coupled with the RSI and MACD readings, suggests that the market may be poised for a period of consolidation or reversal.

In conclusion, while the S&P 500 exhibits signs of a bullish run, the technical analysis indicates a potential shift to bearish territory below the $4,730 mark. In the short term, the market is expected to test these resistance levels, with the outcome likely to be influenced by investor sentiment and broader market dynamics.

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Daily Price Outlook

- The S&P 500 shows marginal gains, suggesting cautious optimism in the market.

- Resistance and support levels indicate a balancing act with potential for upward movement.

- RSI and EMA indicators suggest the market is in a state of equilibrium, awaiting a catalyst.

The S&P 500 remains a barometer for investor sentiment and economic expectations. On December 8th, the index exhibited a minor uptick in value, nudging up by a mere 0.05% to anchor at 4585.58. The market’s subtle shift in momentum is reflected in the chart's resistance levels, which lie at $4606 and extend upwards to $4694, with the ultimate test being the $4765 mark.

The index’s pivot point, the threshold between bullish and bearish sentiment, stands firm at $4585. Key support levels are drawn at $4491, $4425, and the more distant $4351, ready to offer a safety net should the index falter.

Technical indicators provide mixed signals. The Relative Strength Index (RSI) hovers around 65, indicating a market that is neither overextended nor retreating, suggesting a potential for further gains without immediate concern for a reversal.

Importantly, the 50-day Exponential Moving Average (EMA), not specified but typically a gauge for trend direction, could further inform the short-term market trajectory.

Market patterns reveal a range-bound behavior, with a clear resistance ceiling in sight. The implication here is that the S&P 500 is testing the waters, potentially gearing up for a decisive movement that could set the tone for the year-end market performance.

S&P500 (SPX) - Trade Idea 

Entry Price – Buy Above 4566

Take Profit – 4630

Stop Loss – 4530

Risk to Reward – 1: 7

Profit & Loss Per Standard Lot = +$640/ -$360

Profit & Loss Per Mini Lot = +$64/ -$36

The global market sentiment has recently shifted towards a positive trajectory following a brief downturn. However, this upswing can be attributed to gains in the technology sector and heightened anticipation surrounding the upcoming jobs report, which is poised to significantly influence market expectations in the near future.

It is worth noting that the S&P 500 rose by 0.80% to 4,585.59, and the Dow added 62.95 points, or 0.17%, reaching 36,117.38. The Nasdaq Composite led the way with a 1.37% gain, closing at 14,339.99, driven by a robust performance from technology stocks. Throughout the week, the Nasdaq has consistently outperformed, posting a 0.2% gain, while the Dow and S&P 500 are expected to conclude the week slightly lower by around 0.4% and 0.2%, respectively.

Market Concerns Amidst Mixed Job Market Data

However, this upward momentum follows concerns about a potential slowdown in the late 2023 rally, as the Dow and S&P 500 experienced their first three-day negative streaks since October. Investor attention this week has been centered on the job market amid mixed data releases. Thursday's weekly jobless claims, which came in below economist expectations, and a decline in continuing jobless claims provided some relief.

Private payrolls data released on Wednesday showed fewer job additions than anticipated, and October's job openings reached their lowest point since March 2021. The anticipation for Friday's official jobs report has intensified, with economists expecting the addition of 190,000 jobs in November. Investors are closely monitoring for signs of a slowing labor market, which would align with the Federal Reserve's decision to pause interest rate hikes.

Therefore, the disappointing job data and low job openings in October, combined with the heightened anticipation for the official jobs report, are impacting global market sentiment as investors closely watch for signs of a potential slowdown in the labor market, aligning with the Federal Reserve's cautious approach on interest rate hikes.

 S&P500 (SPX) - Technical Analysis

The S&P 500 remains a barometer for investor sentiment and economic expectations. On December 8th, the index exhibited a minor uptick in value, nudging up by a mere 0.05% to anchor at 4585.58. The market’s subtle shift in momentum is reflected in the chart's resistance levels, which lie at $4606 and extend upwards to $4694, with the ultimate test being the $4765 mark.

The index’s pivot point, the threshold between bullish and bearish sentiment, stands firm at $4585. Key support levels are drawn at $4491, $4425, and the more distant $4351, ready to offer a safety net should the index falter.

Technical indicators provide mixed signals. The Relative Strength Index (RSI) hovers around 65, indicating a market that is neither overextended nor retreating, suggesting a potential for further gains without immediate concern for a reversal.

Importantly, the 50-day Exponential Moving Average (EMA), not specified but typically a gauge for trend direction, could further inform the short-term market trajectory.

Market patterns reveal a range-bound behavior, with a clear resistance ceiling in sight. The implication here is that the S&P 500 is testing the waters, potentially gearing up for a decisive movement that could set the tone for the year-end market performance.

Related News

Daily Price Outlook

The S&P 500 has demonstrated a positive trajectory in today’s trading session, registering a gain of 17.22 points, or an increase of 0.38%, bringing the index to 4,567.80. This upward movement reflects a growing investor confidence in the market.

Bank of America’s Sell Side Indicator and Market Outlook

According to Bank of America’s Sell Side Indicator (SSI), a contrarian sentiment gauge, there has been a recent increase to 53.6%, up by 56 basis points. This rise comes on the heels of the S&P 500's nearly 9% rally in its best month since July 2022, indicating a strong recovery momentum.

Historical Significance and Future Predictions

While the SSI has only risen modestly from its May low, historical trends suggest that the current level often precedes positive 12-month returns for the S&P 500. The indicator predicts a +15% expected price return over the next year, potentially pushing the S&P 500 to around 5300 by end-2024. Currently, the SSI is in a "Neutral" position but shows a tendency towards a "Buy" signal.

Analysts' Viewpoint Amidst Market Uncertainties

Despite the market not being dominated by high conviction or euphoria, Bank of America’s analysts maintain a constructive outlook on equities. They cite factors like reduced uncertainty in inflation and interest rates, effective corporate cost-cutting, and stable profit margins as reasons for optimism. The bank’s target for the S&P 500 by 2024-end is 5000.

Wall Street’s Performance and Economic Data

Following a strong November, U.S. stock futures have shown muted movements today. The Dow Jones Futures edged up slightly, while the S&P 500 Futures saw a marginal increase. Anticipation builds around Federal Reserve Chair Jerome Powell's speech and the release of key economic data, including construction spending and ISM Manufacturing figures.

Corporate Sector Developments

In corporate news, the market awaits earnings reports from companies like Dominion Energy, Gartner, and Cardinal Health. Disney's reinstatement of its dividend and Ulta Beauty’s premarket surge post-strong quarterly results are key highlights. Tesla also remains a focal point with its Cybertruck pricing announcement and delivery start.

S&P500 (SPX) - Technical Analysis

The S&P 500 index, a key benchmark for the broader U.S. stock market, has exhibited a positive momentum, closing at 4567.81, a 0.38% increase. This upward movement is reflective of a broader market sentiment that remains cautiously optimistic, driven by a mix of economic indicators and corporate earnings reports.

In terms of technical analysis, the index is hovering around a pivot point of $4,582. The immediate resistance levels are identified at $4,604, $4,639, and $4,676.

These thresholds will be critical in determining the index's ability to sustain its upward trajectory. Conversely, the support levels are set at $4,547, $4,523, and $4,488, offering stability against potential market pullbacks.

The technical indicators present an insightful picture. The Relative Strength Index (RSI), currently at 69, is just below the overbought threshold, indicating robust buying interest in the market. This is corroborated by the Moving Average Convergence Divergence (MACD) value of -7.56, which, despite being negative, is countered by a signal value of 39, suggesting that bullish momentum could resume.

Moreover, the index's position relative to its 50-Day Exponential Moving Average (EMA) of $4,553 indicates a short-term bullish trend. The index's movement above this average signals continued investor confidence and potential for further gains.

The chart analysis highlights a notable pattern - the double top's breakout is now acting as a support level at $4,529. This pattern's resolution reinforces the bullish narrative, suggesting that the index may continue its climb in the near term.

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Daily Price Outlook

- S&P 500 closes up at 4567.81, signaling continued market confidence.

- Immediate resistance levels set at $4,604 and $4,639; support at $4,547.

- RSI at 69 and position above 50 EMA indicate a bullish trend.

The S&P 500 index, a key benchmark for the broader U.S. stock market, has exhibited a positive momentum, closing at 4567.81, a 0.38% increase. This upward movement is reflective of a broader market sentiment that remains cautiously optimistic, driven by a mix of economic indicators and corporate earnings reports.

In terms of technical analysis, the index is hovering around a pivot point of $4,582. The immediate resistance levels are identified at $4,604, $4,639, and $4,676.

These thresholds will be critical in determining the index's ability to sustain its upward trajectory. Conversely, the support levels are set at $4,547, $4,523, and $4,488, offering stability against potential market pullbacks.

The technical indicators present an insightful picture. The Relative Strength Index (RSI), currently at 69, is just below the overbought threshold, indicating robust buying interest in the market. This is corroborated by the Moving Average Convergence Divergence (MACD) value of -7.56, which, despite being negative, is countered by a signal value of 39, suggesting that bullish momentum could resume.

Moreover, the index's position relative to its 50-Day Exponential Moving Average (EMA) of $4,553 indicates a short-term bullish trend. The index's movement above this average signals continued investor confidence and potential for further gains.

The chart analysis highlights a notable pattern - the double top's breakout is now acting as a support level at $4,529. This pattern's resolution reinforces the bullish narrative, suggesting that the index may continue its climb in the near term.

S&P500 (SPX) - Trade Idea 

Entry Price – Buy Above 4534

Take Profit – 4637

Stop Loss – 4477

Risk to Reward – 1: 1.8

Profit & Loss Per Standard Lot = +$1030/ -$570

Profit & Loss Per Mini Lot = +$103/ -$57

Daily Price Outlook

Global markets have been consistently showing positive signs, maintaining their upward rally. Asian stocks have reached a two-month peak, and US indices are climbing as the Thanksgiving holiday approaches. Investors are closely monitoring various economic indicators and corporate earnings reports, speculating on potential shifts in future monetary policies.

This trend was evident as U.S. indices experienced gains. The S&P 500 increased by 0.4%, the Dow Jones Industrial Average by 0.5%, and the Nasdaq also saw a modest uptick. Notably, major tech players such as Microsoft and Alphabet (NASDAQ: GOOGL) contributed to this surge. However, Broadcom (NASDAQ: AVGO) witnessed a decline in its shares following the announcement of a deal with VMWare.

Impact of Weak US Dollar and Fed Expectations on S&P 500

It is worth noting that the US Dollar Index is trading weak around 103.70. Despite cautions from the Fed, markets believe they won't be too strict after the report of soft inflation figures in October. The US Bureau of Labor Statistics shared that October's Core Consumer Price Index (CPI) didn't meet expectations, coming in at 4% YoY instead of the expected 4.1%. The headline figure also fell short at 3.2% YoY, below the expected 3.3%. Furthermore, the Core Producer Price Index (PPI) for October was lower than expected at 2.4% YoY instead of 2.7%.

Meanwhile, the November minutes from the Federal Open Market Committee (FOMC) revealed concerns about inflation. The market is confident that the Federal Reserve won't raise interest rates in December and is even betting on rate cuts sooner than expected, possibly in May 2024, with some also betting on a rate cut in March.

Therefore, the weak US Dollar and expectations of a less strict Fed stance, driven by soft inflation figures, contribute to a positive sentiment. This could support the S&P 500 with potential gains.

S&P500 (SPX) - Technical Analysis

The S&P 500 Index continues to exhibit signs of strength on November 24, with a modest uptick of 0.41%, bringing the index to 4556.63. This positive movement places the S&P 500 above its pivot point of $4,561, suggesting a bullish inclination in the short term. The immediate resistance levels are set at $4,603, followed by more formidable barriers at $4,686 and $4,770. Conversely, the index finds support at lower levels, namely $4,474, $4,430, and $4,350, which could offer a cushion against any potential retracements.

The technical indicators for the S&P 500 paint a picture of bullish sentiment, albeit with cautionary notes. The Relative Strength Index (RSI) stands at 76, venturing into overbought territory, which might signal a possible pullback or consolidation in the near future. The Moving Average Convergence Divergence (MACD) displays a value of 0.10, with a signal line at 57.78, indicating a potential upward momentum. Additionally, the index is trading above its 50-Day Exponential Moving Average (EMA) of $4,533, reinforcing the current bullish trend.

From a chartist's perspective, the S&P 500 is maintaining a strong position above the crucial $4,500 level. This level now acts as a critical benchmark, with the index's movement above this point further supporting the bullish narrative.

In conclusion, the overall trend for the S&P 500 remains bullish, especially as long as it stays above the $4,500 threshold. In the short term, market participants should brace for the index to test the immediate resistance at $4,603, with a potential to extend gains towards the $4,686 and $4,770 levels. However, traders should remain vigilant of the overextended RSI, which could lead to a temporary consolidation or a slight pullback before any further upward movements.

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Daily Price Outlook

- S&P 500 shows positive momentum, rising to 4556.63, with resistance levels at $4,603, $4,686, and $4,770, and support at $4,474, $4,430, and $4,350.

- Bullish trend indicated by RSI at 76, though in overbought territory, and the index trading above its 50 EMA at $4,533.

- The index's strong position above $4,500 supports a bullish outlook, with potential resistance tests at $4,603 in the short term, but overbought conditions suggest possible consolidation.

The S&P 500 Index continues to exhibit signs of strength on November 24, with a modest uptick of 0.41%, bringing the index to 4556.63. This positive movement places the S&P 500 above its pivot point of $4,561, suggesting a bullish inclination in the short term. The immediate resistance levels are set at $4,603, followed by more formidable barriers at $4,686 and $4,770. Conversely, the index finds support at lower levels, namely $4,474, $4,430, and $4,350, which could offer a cushion against any potential retracements.

The technical indicators for the S&P 500 paint a picture of bullish sentiment, albeit with cautionary notes. The Relative Strength Index (RSI) stands at 76, venturing into overbought territory, which might signal a possible pullback or consolidation in the near future. The Moving Average Convergence Divergence (MACD) displays a value of 0.10, with a signal line at 57.78, indicating a potential upward momentum. Additionally, the index is trading above its 50-Day Exponential Moving Average (EMA) of $4,533, reinforcing the current bullish trend.

From a chartist's perspective, the S&P 500 is maintaining a strong position above the crucial $4,500 level. This level now acts as a critical benchmark, with the index's movement above this point further supporting the bullish narrative.

In conclusion, the overall trend for the S&P 500 remains bullish, especially as long as it stays above the $4,500 threshold. In the short term, market participants should brace for the index to test the immediate resistance at $4,603, with a potential to extend gains towards the $4,686 and $4,770 levels. However, traders should remain vigilant of the overextended RSI, which could lead to a temporary consolidation or a slight pullback before any further upward movements.

S&P500 (SPX) - Trade Idea 

Entry Price – Buy Above 4507

Take Profit – 4600

Stop Loss – 4455

Risk to Reward – 1: 1.7

Profit & Loss Per Standard Lot = +$9300/ -$5200

Profit & Loss Per Mini Lot = +$930/ -$520

Daily Price Outlook

In the equity markets, the S&P 500's subtle climb to 4508.23, marking a 0.12% increase, belies the undercurrents of a potential bullish shift. The index’s movement suggests a poised stance as it teeters just below a pivot point at $4,516. If the index sustains this momentum, it could test immediate resistance at $4,563, with further headroom up to $4,614. Conversely, support levels at $4,442 and $4,391 provide a safety net against any downward pressure.

Technical indicators such as the Relative Strength Index (RSI), currently at an elevated 76, point to overbought conditions, which typically call for caution amongst traders looking for sustained growth. Yet, the Moving Average Convergence Divergence (MACD) reading of 9 implies that the recent bullish crossover could instill confidence for further upside potential, as long as the index remains above the 50-day Exponential Moving Average of $4,356.

The S&P 500's chart pattern, having broken out of a downward channel, suggests a robust buying interest that may set the stage for continued growth. This pattern break could be a harbinger of a stronger bullish trend if the index maintains above the identified support level.

In summary, while the market's optimism is cautiously justified with the S&P 500 holding above critical support levels, the overbought RSI warrants vigilance. Traders will closely monitor whether the index can breach and sustain above subsequent resistance levels, which would confirm the bullish trend for the short term. The current technical outlook implies a test of higher resistances may be forthcoming, barring any sudden shifts in market sentiment or economic conditions.

S&P500 (SPX) - Trade Idea 

Entry Price – Buy Above 4460

Take Profit – 4595

Stop Loss – 4360

Risk to Reward – 1: 1.3

Profit & Loss Per Standard Lot = +$1350/ -$1000

Profit & Loss Per Mini Lot = +$135/ -$100