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Investment Recommendations May 3rd

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Investment Recommendations May 3rd

Introduction

S&P 500: Short-Term Sell (Update)

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S&P 500 futures, 4-Hour Chart Analysis

The S&P has been trading in a very narrow range so far this week, as traders took a step back before the Fed decision in the wake of the weak economic numbers in recent weeks. Our trading recommendation remains valid before the important announcement, and traders should leave their stop-loss orders slightly above the 2400 level, as volatility is expected to rise tonight.

The benchmark is still below the prior all-time high despite the jump in global stocks. The short-term consolidation pattern that developed after the post-election surge is intact, and the MACD indicator drifted back to neutral territory thanks to the sideways price action.

Important: Never invest money you can't afford to lose. Always do your own research and due diligence before placing a trade. Read our Terms & Conditions here.



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Mate Cser

Mate Cser

Trader and financial analyst, with 10 years of experience in the field. An expert in technical analysis and risk management, but also an avid practitioner of value investment and passive strategies, with a passion towards anything that is connected to the market.

Comments
  • user

    AUTHOR roobroo

    Posted on 3:46 pm May 3, 2017.

    no crypto recommendation for crypto or still coming?

  • View Comments (2) ...
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