S&P 500 Continues To Levitate On Trade Deal Optimism

For a week that was crammed with as much news as it was, not much changed for the S&P 500 (Index: SPX), as the index continued hovering just above the top end of our redzone forecast range for a second week.

Alternative Futures - S&P 500 - 2019Q1 - Standard Model with Annotated Redzone Forecast - Snapshot on 1 Mar 2019

We're getting to an interesting point of time for the stock market because we're running out of 2019-Q1 for investors to focus upon, where the quarter will be effectively over in just two weeks where dividend futures contracts are concerned.

That simple fact means a countdown clock has started ticking for when investors might shift their attention toward a different point of time in the future. If you can anticipate which point of time they'll shift their attention toward, you can use our spaghetti forecast chart to anticipate the direction that stock prices will move.

Right now, its suggesting that investors are mostly focused on the current quarter, but have shifted a portion of their attention toward 2019-Q2, which is how we would describe what the level of the S&P 500 hovering just above our redzone forecast range is communicating.

If we were to pick just one factor that might explain the S&P 500's continued levitation during the final week of February 2019, we'd point to the continuing hints that a U.S.-China trade deal may soon be struck, which we touched on in last week's analysis. But judge the week's market-moving news headlines for yourself and if you're reading this article on a site that republishes our RSS news feed that allows comments, please let us know if you find a more compelling explanation...

Monday, 25 February 2019

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