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Below is the updated MDA SnapShot Chart for the 30 min ES chart showing the full recap of the entries and exits. We had 2 entries in this market 12/22 @ 2023.00 and 12/23 @ 2045.00. We exited both of these positions today 12/23 @ 2050.00 and 2056.50. This MDA SnapShot resulted in a profit on both positions totaling +38.50 or $1925 (before fees).
Former U.S. stock market bears are currently forecasting low increases throughout the rest of this year for the S&P 500.
U.S. stocks fell on Tuesday, as the S&P 500 retreated from Friday’s record close.
The S&P 500 stock index marked a six-year rally on Monday as it rose above the 2,000 level.
Soaring biotech shares assisted investors shaking off disappointing retail sales data, as U.S. stocks ended higher on Wednesday.
On Friday, the S&P 500 was up 0.2 percent and continued to climb on Monday by 4.5 percent.
After mixed corporate earnings and data showing China’s service sector lagging, U.S. stock futures were down on Tuesday. Dow Jones Industrial Average futures dropped 34 points, or 0.2 percent, to 16453.
The Nikkei 225 fell 0.3 percent to 15,474.50, according to The Wall Street Journal, while on Friday, the key market gauge slipped 97.66 points.
As economic data caused worries that the Federal Reserve might increase interest rates sooner than some have expected, the U.S. S&P 500 stock index fell to its worst daily low since April on Thursday.
Japan’s Nikkei share average climbed at Wednesday’s trade, as strong corporate earnings led by Honda Motor Co and Tokyo Electron Ltd surpassed data showing weak industrial output.