S&P 500 Price Forecast – Stock Markets Continue To Look Poised For Continuation Of Uptrend.

The S&P 500 has gone back and forth during the trading session, showing signs of wanting to go higher, but if we get some type of disappointment coming out of the Federal Reserve it could change things. That being the case though, they have been taught over the last several years not to do these things, so it’s more than likely going to be yet another reason to start buying the S&P 500 based upon the loose monetary policy that certainly is going to continue to be the case. Ultimately, the Federal Reserve will continue to look at things such as the coronavirus and global slowdown concerns in order to discern where to go next as far as monetary policy is concerned. It’s really difficult to imagine a scenario where the Federal Reserve will do anything to step in the way, and the fact that we have bounced from a nice trendline that is so obvious from the up trending channel suggests that we are in fact going to continue to go much higher.

S&P 500 Video 30.01.20

At this point, I like buying dips and I have no interest in trying to fight the overall trend as not only will the uptrend line come into play but so will the 50 day EMA. This is a “buy on the dips scenario and will continue to be so. Furthermore, earnings season has been reasonably good, but not so strong that people have to worry about the Federal Reserve stepping in and tightening things up.

Please let us know what you think in the comments below