Updated: January 3, 2022
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 Bullish
The Micro Trend (MT) is currently Bullish
We are bullish on Standard and Poor’s 500 (S&P 500) in the long term.
However we will wait for a bullish breakout trade above 4810 before executing another long term trade with potential trade entry signal as follows:
Global Entry Signal : Buy @ 4810
Global Catastrophe Hard Stop Loss GAP: 3 x 247.6850=743.055
Global Catastrophe Trailing Stop: 4066.945
Global Target Profit: 3 x 3 x 247.6850=7039.165
Global Algorithmic Trading Software(GATS)-System #5 uses computer codes and chart analysis to enter and exit trades according to set parameters such as price movements or volatility levels. Once the current market conditions match any predetermined criteria within the software, the trading algorithms will execute a buy or sell order on your behalf. Read more
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