The E-mini S&P 500 Futures (Sep. Contract) will settle at or below 2091.08 on July 1, 2016 with a 78.95% probability. Since the previous settlement price was 2090.25, I expect July 1 to be either flat or the beginning of an overall downward descent.
As I write this the S&P 500 Futures are again rising; up about 15 points from its close yesterday (June 29, 2016). With the rising trend this week (as predicted) everything indeed looks rosy for the future. However, there is a strong chance we are headed for a significant price drop over the next 60 days. The … More Stock Market outlook for the rest of the summer
The E-mini S&P 500 Futures (Sep. Contract) will settle at or below 2105.73 on June 30, 2016 with a 87.05% probability. Additionally, there is a 78.57% chance it will close at or below 2085.86.
The E-mini S&P 500 Futures (Sep. Contract) will settle at or below 2089.53 on June 29, 2016 with a 78.18% probability. There is a significantly lower probability (53.45%) that it will also close below 2072.84, but that chance is too low for me to personally take a position there.
The E-mini S&P 500 Futures (Sep. Contract) will settle at or below 2038.80 on June 28, 2016 with a 87.36% probability. I estimate a bottom “safety net” at 1952.38. The Brexit turbulence is still creating significant enough uncertainty that my predictions are not as tight as they usually are. This is due to the wider than usual swings of the market. However, I believe this … More S&P 500 Futures Prediction for June 28, 2016
The E-mini S&P 500 Futures (Sep. Contract) will settle at or below 2214.49 on June 27, 2016 with a 84.6% probability. I estimate an extreme bottom at 1936.56. This is an incredibly wide range due to the recent wide swings.
The Brexit vote was certainly a unique political occurrence. But there is a history of occurrences that cause the market to swing wildly even if it doesn’t involve an entire nation’s trade ties…and the market tends to come back sooner than expected. Let’s take the very recent event on August 24, 2015. The S&P Futures market … More Full Market Rebound within the Week?
The equations predicted that S&P futures wouldn’t go below 1992 for June 24, but with a close of 2105 for June 23 I just laughed it off as an anomaly. S&P futures dipped down to 1999 last night.
U.S. stocks traded sharply lower Friday in a global risk-off trade after Britain surprised markets by voting to leave the European Union. U.S. crude oil futures settled down $2.47, or 4.93 percent, at $47.64 a barrel. The S&P 500 and Dow Jones industrial average erased year-to-date gains and joined the Nasdaq composite in negative territory … More US Stocks Plunge 3% on Brexit; Worst Day Since 2011
The E-Mini S&P 500 Futures September contact will close at or below 2137.67 with a 76.24% probability.