Annual Forecast for S&P 500 – 2020

Share On Facebook
share on Linkedin

S&P 500 chart (SPI:SP500) is really a protracted bull market. In spite of disturbing news from all over the worlds, the market has been making news lower highs and higher highs.

The historical data depicts fierce battles between bulls and bears between August and October 2019. The impasse ended in October that year and a protracted bullish trend was assumed, which has held out till now.

As shown in the chart, there is still more room for the market to go, given the 4 EMAs used for this analysis. The EMAs are 10, 20, 50 and 200. The color that stands for each EMA is shown at the top left chart of the chart.

It can be seen that all the EMAs are sloping upwards – confirming the current uptrend. In a foreseeable future, there may be retracements into the EMAs 10 or 20, which would be followed by further higher movements. As long as the EMA 50 is not breached to the downside, this uptrend will remain intact.

The only thing that can render the bullish outlook on S&P 500 invalid is a situation in which the EMA 200 is breached to the downside; and that is something that will take a very long time to happen.

Trading realities: Trading realities

CLICK HERE TO REGISTER FOR FREE ON ADVFN, the world's leading stocks and shares information website, provides the private investor with all the latest high-tech trading tools and includes live price data streaming, stock quotes and the option to access 'Level 2' data on all of the world's key exchanges (LSE, NYSE, NASDAQ, Euronext etc).

This area of the site is for independent financial commentary. These blogs are provided by independent authors via a common carrier platform and do not represent the opinions of ADVFN Plc. ADVFN Plc does not monitor, approve, endorse or exert editorial control over these articles and does not therefore accept responsibility for or make any warranties in connection with or recommend that you or any third party rely on such information. The information available at is for your general information and use and is not intended to address your particular requirements. In particular, the information does not constitute any form of advice or recommendation by ADVFN.COM and is not intended to be relied upon by users in making (or refraining from making) any investment decisions. Authors may or may not have positions in stocks that they are discussing but it should be considered very likely that their opinions are aligned with their trading and that they hold positions in companies, forex, commodities and other instruments they discuss.

Leave A Reply

Do you want to write for our Newspaper? Get in touch:

By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions

P: V: D:20220120 10:37:10