S&P 500 - Outlook For The Week Of July 15th, 2018
Satendra Singh | Jul 15, 2018 05:12AM ET
Despite the fact that the trade war between China and the US is claiming commodity markets as one of its first victims, equity markets look to ignore the aftermath impacts of trade war which has resulted in globally worsen economic conditions. China, the biggest consumer of everything from copper to coal, has warned the proliferation of tariffs could cause a global recession. On the other hand, the US import prices fell the most in more than two years in June.
On analysis of the movement of S&P 500 Futures amid currently prevailing recessionary scenario, I find that S&P 500 futures are ready for a rally which is likely to continue during the upcoming week. No doubt that the quantum of volatility will be too high due to sudden tilt in geopolitical moves after the US President Donald Trump and Russian President Vladimir Putin will hold a summit on July 16 in Helsinki where they are likely to discuss issues on relations between the United States and Russia and other national security issues. No doubt that this meeting may bring some positive developments on the tariff-trade-war front, but I find that any change in expected development will be liable to create tremors in global equity markets this time. Traders around the World will have a vigilant eye over the developments at Helsinki on July 16th, 018. I’ve found the following expected trading zones for S&P 500 futures for the Week of July 15th, 2017. To understand the following analysis in detail subscribe my YouTube channel .
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