30 Apr 2015
Intraday outlook bearish for US equity indices – Sunshine Profits
FXStreet (Barcelona) - Paul Rejczak, Stock Market Strategist at Sunshine Profits, maintains a intraday and short-term bearish outlook on SP 500, further adding that the market expectations for today’s US equity market opening remains negative.
Key Quotes
“The U.S. stock market indexes lost 0.4-0.6% on Wednesday, extending their short-term fluctuations, as investors reacted to FOMC Rate Decision announcement, among others. Our yesterday's bearish intraday outlook has proved accurate.”
“The S&P 500 index continues to fluctuate along the level of 2,100, as it remains relatively close to its April 27 all-time high of 2,125.92. The nearest important level of resistance is at around 2,120-2,125. On the other hand, support level is at 2,095-2,100.”
“There have been no confirmed negative signals so far. However, we can see negative technical divergences.”
“Expectations before the opening of today's trading session are negative, with index futures currently down 0.4%.”
Key Quotes
“The U.S. stock market indexes lost 0.4-0.6% on Wednesday, extending their short-term fluctuations, as investors reacted to FOMC Rate Decision announcement, among others. Our yesterday's bearish intraday outlook has proved accurate.”
“The S&P 500 index continues to fluctuate along the level of 2,100, as it remains relatively close to its April 27 all-time high of 2,125.92. The nearest important level of resistance is at around 2,120-2,125. On the other hand, support level is at 2,095-2,100.”
“There have been no confirmed negative signals so far. However, we can see negative technical divergences.”
“Expectations before the opening of today's trading session are negative, with index futures currently down 0.4%.”