Skip to content
News & Analysis at your fingertips.

We use a range of cookies to give you the best possible browsing experience. By continuing to use this website, you agree to our use of cookies.
You can learn more about our cookie policy here, or by following the link at the bottom of any page on our site. See our updated Privacy Policy here.

0

Notifications

Notifications below are based on filters which can be adjusted via Economic and Webinar Calendar pages.

Live Webinar

Live Webinar Events

0

Economic Calendar

Economic Calendar Events

0
Free Trading Guides
Subscribe
Please try again
More View more
S&P 500 Outlook Vulnerable as Risk Barometer Drops, Volatility Jump Possible

S&P 500 Outlook Vulnerable as Risk Barometer Drops, Volatility Jump Possible

Justin McQueen, Strategist

S&P 500 Price Analysis & News

  • Risk Barometer Signals S&P 500 Vulnerability
  • Cross Asset Volatility Remains Elevated
  • S&P 500 Fails to Clear Key 3128 Level

S&P 500: Despite yesterday’s impressive relief rally across US equities, concerns continue to linger with Fed’s decision to provide an emergency cut doing little to dispel the current macro uncertainty thus far. Alongside this, while the S&P 500 posted a modest rebound, the risk barometer (Figure 1) continued to head lower, which in turn raises the risk that the S&P 500 is not out of the woods yet. While our cross-asset volatility index (Figure 2) remains elevated, therefore the S&P 500 is vulnerable to another pick up in volatility. At the same time, with the index failing to make a close above key resistance situated at 3128, downside risks are likely to persist.

Equities Forecast
Equities Forecast
Recommended by Justin McQueen
Download our fresh Q1Equities Forecast
Get My Guide

A Guide to the S&P 500 Index

How to Trade Stock Market Volatility

Figure 1: Risk Barometer Raises Risks for S&P 500

Figure 2: Cross Asset Volatility Remains Elevated

S&P 500 Price Chart: Daily Time Frame

Source: IG Charts

S&P 500 Technical Levels

SupportResistance
3000-312850% Fib
298676.4% Fib3180Jan 8th Low
2860YTD Low3200-

--- Written by Justin McQueen, Market Analyst

Follow Justin on Twitter @JMcQueenFX

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.

DISCLOSURES