Sign up to create alerts for Instruments,
Economic Events and content by followed authors
Free Sign Up Already have an account? Sign In
Quotes
All Instrument Types
- All Instrument Types
- Indices
- Equities
- ETFs
- Funds
- Commodities
- Currencies
- Crypto
- Bonds
- Certificates
Please try another search
🚨 Volatile Markets? Find Hidden Gems for Serious Outperformance
Find Stocks Now
S&P 500 Futures: Exhaustive Candle Confirms Continuity Of Gap-Downs Ahead
www.investing.com/analysis/spx-weekly-closing-with-exhaustive-candle-confirms-continuity-of-gapdowns-ahead-200519877/
S&P 500 Futures: Exhaustive Candle Confirms Continuity Of Gap-Downs Ahead
By Satendra Singh | Mar 29, 2020 05:38AM ET On analysis of the movements of S&P 500 futures in different time frames, I find that the weekly closing with an ‘Exhaustive Candle’ in a daily chart confirms the continuity of gap-downs during the upcoming weeks. Perhaps, I could have already sensed the currently prevailing scenario well in advance while writing my analysis Can Corona Create Next Crash?.
There is no doubt that most of the readers did not want to believe the facts at that time, but since Feb. 20, 2020, the global equity markets have shown steep downward moves. Despite the coordinated efforts from the global central banks, the global supply chain as been paused and fears over coronavirus have turned the overall sentiment bearish.
One more gap-down in the S&P 500 futures may add more speed to this fall. The weekly closing levels, which are well below the weekly closing level of S&P 500; may add more fuel to bearish sentiments. Secondly, the gold futures look ready for a bouncing move during the upcoming week. This could keep the equity bulls running towards lower zone from here.
Disclaimer
1. This content is for information and educational purposes only and should not be considered as an investment advice or an investment recommendation. Past performance is not an indication of future results. All trading carries risk. Only risk capital be involved which you are prepared to lose.
2. Remember, YOU push the buy button and the sell button. Investors are always reminded that before making any investment, you should do your own proper due diligence on any name directly or indirectly mentioned in this article. Investors should also consider seeking advice from an investment and/or tax professional before making any investment decisions. Any material in this article should be considered general information, and not relied on as a formal investment recommendation.
Upcoming Global Equity Market Crash - Part II
Related Articles
Data Dump, Earnings, Fed Pose Pivotal Test for the Market This Week
By Michael Kramer - Apr 29, 2024
This will be one of the busier weeks of the year with earnings, the Fed, lots of data, and a Treasury Quarterly Refunding announcement. There are many differing views on the QRA,...
The Biggest Trading Myth
By Kathy Lien - Apr 29, 2024
The Biggest MYTH of Trading is that more trading equals more money.Overtrading is one of the most dangerous trading behaviors.
The Fed Is Stuck Between Recession and High Inflation
By Octa - Apr 29, 2024
1
On 30 April – 1 May, the Federal Open Market Committee (FOMC) of the U.S. Federal Reserve (Fed) will meet to decide on key interest rates in the U.S. economy. The Fed is...
S&P 500 Futures: Exhaustive Candle Confirms Continuity Of Gap-Downs Ahead
Add Chart to Comment
Confirm Block
Are you sure you want to block %USER_NAME%?
By doing so, you and %USER_NAME% will not be able to see any of each other's Investing.com's posts.
%USER_NAME% was successfully added to your Block List
Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.
Report this comment
I feel that this comment is:
Comment flagged
Thank You!
Your report has been sent to our moderators for review
Add a Comment
We encourage you to use comments to engage with other users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind:
Enrich the conversation, don’t trash it.
Stay focused and on track. Only post material that’s relevant to the topic being discussed.
Be respectful. Even negative opinions can be framed positively and diplomatically. Avoid profanity, slander or personal attacks directed at an author or another user. Racism, sexism and other forms of discrimination will not be tolerated.
Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.