Our analysis for the coming week is for the S&P 500 (SPX) to trade in a choppy range, setting the stage to begin to roll over. The shifted cycle for the Russell 2000 will provide some downside pressure, as the cycle ends this week. We expect the SPX to begin the declining phase for the current cycle this week. Our near term target is the support zone between 2900-2911. Beyond this week, we see intermediate term risks increasing.
Disclaimer: So many commentators talk about a stock market crash, bust or boom just to make it exciting. Slim looks at things very differently, applying his unique cycle analysis to nearly 400 widely ...
Disclaimer: So many commentators talk about a stock market crash, bust or boom just to make it exciting. Slim looks at things very differently, applying his unique cycle analysis to nearly 400 widely held stocks, futures and ETFs. Watch Slim's very popular short-term view of the markets every week. And, contrary to most analysts, he holds himself accountable to his analysis each week. Also, there are interviews of coaches, traders and other market pros, along with an occasional political rant. Slim is still an active trader in index futures, gold, silver, bonds, oil, dollar, euro, stocks and options. He is also a trader coach and hedge fund consultant.
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