The Standard and Poor’s 500 ( S&P 500), is a stock market index comprised of 500 large companies listed on stock exchanges in the United States.
It is one of the most commonly followed equity indices. As of December 31st, 2020, more than $4.6 trillion was invested in assets tied to the performance of the index.
(Source: From Wikipedia, the free encyclopedia)
Our Global Algorithmic Trading Software (GATS) #5 indicates the following for Standard and Poor’s 500 (S&P 500)
The Long Term Trend (LTT) is currently Bullish
The Medium Term Trend (MTT) is currently Bullish
The Short Term Trend (STT) is currently Bearish
The Micro Trend (MT) is currently Bearish
We are bullish on Standard and Poor’s 500 (S&P 500) in the long term.
However we will attempt a bearish trade based on the current short-term bearish signal with potential trade entry signal as follows:
Global Entry Signal : Sell @ 4312
Global Catastrophe Hard Stop Loss GAP:74.36
Global Catastrophe Trailing Stop: 4,386.36
Global Target Profit: 4,089.68
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