S&P 500 Price Forecast – Stock Markets Continue to Struggle

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S&P 500 Technical Analysis

The S&P 500 fell a bit during Thursday’s trading session as we continue to see a lot of negativity. At this point, it looks like the market is poised to turn lower, perhaps trying to threaten more recent lows closer to the 3637 level. Ultimately, this is a market that should continue to see a lot of loud behaviors. I think the disappearance of rallies will continue to be a major problem. At this point, the 3950 level is the ceiling, with the 50-day EMA hanging around the same spot.

Ultimately, signs of burnout after short-term rallies will inspire you to get involved. I think the downward trend continues due to the lack of growth and of course the fact that inflation continues to be an issue. Also, the Federal Reserve is tightening monetary policy quite aggressively, and now people are talking about a 100 basis point interest rate hike coming. For this reason, it is very likely that we will continue to see major problems with the global economy, to which the S&P 500 is of course very exposed because there are so many major exporters in this index.

Ultimately we have a racing season coming up so there may be a bit of ‘hopium’ waiting but we’ve seen JP Morgan say things like ‘we’ve never seen a situation economic like this” during its earnings announcement, so I don’t think this earnings season is going to be something to celebrate. I will crush any sign of exhaustion after a rally.

Video of the US stock market forecast from 15.07.22

For an overview of all of today’s economic events, check out our economic calendar.

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