S&P 500 Price Forecast – Stocks Continue to Slide After the Fed Steps on Everyone

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S&P 500 Technical Analysis

The S&P 500 has been volatile again during the trading session on Thursday, as we initially tried to break above the 3800 level in the E-mini contract. That being said, the market continues to see a lot of noisy behavior, as we have the Federal Reserve’s tightening policy continuing to work against risk assets. At this point, the market is very likely to continue seeing sellers every time it rallies, especially as there is no real reason to believe that the situation is going to change anytime soon.

The market is likely to go down to the lows that we had seen previously, so with that being the case, I believe that there will be plenty of people freaking out and bailing on this market, as risk appetite is to be shunned at this point. On the other hand, if we were to turn around and take out 4000, then it could change things, but I don’t see that happening anytime soon. The market will continue to be very noisy to say the least but given enough time I do think we fall rather hard.

It looks as if the Federal Reserve is likely to raise interest rates by 125 basis points between now and the end of the year, so it’s likely that we will continue to see a lot of downward pressure going forward, anytime we rally is likely that we will continue to see plenty of fear out there, and people willing to get out of bad positions, which will put further downward pressure on the market. Regardless, this is a situation where I’m just not a buyer.

US Stock Market Forecast Video for 23.09.22

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