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

Live Webinar

Live Webinar Events


Economic Calendar

Economic Calendar Events

Free Trading Guides
Oil - US Crude
of clients are net long.
of clients are net short.
Long Short

Note: Low and High figures are for the trading day.

Data provided by
Wall Street
More View more
Real Time News
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Ripple are long at 95.83%, while traders in US 500 are at opposite extremes with 77.46%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/EQ77jevtaX
  • Heads Up:🇫🇷 IEA Oil Market Report due at 08:00 GMT (15min) https://www.dailyfx.com/economic-calendar#2020-08-13
  • Hey traders! I'm sure you've all heard about trend trading. Sharpen your knowledge here: https://t.co/jkliL5sxj7 https://t.co/QPW1os7wbE
  • Commodities Update: As of 07:00, these are your best and worst performers based on the London trading schedule: Silver: 0.98% Gold: 0.60% Oil - US Crude: -0.18% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/gDZGfvBOHv
  • Forex Update: As of 07:00, these are your best and worst performers based on the London trading schedule: 🇪🇺EUR: 0.31% 🇨🇭CHF: 0.22% 🇬🇧GBP: 0.21% 🇦🇺AUD: -0.01% 🇨🇦CAD: -0.03% 🇳🇿NZD: -0.20% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/9IwXKOUieT
  • Indices Update: As of 07:00, these are your best and worst performers based on the London trading schedule: Wall Street: -0.16% US 500: -0.17% Germany 30: -0.24% France 40: -0.50% FTSE 100: -0.96% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/MtMyrT3zZY
  • Heads Up:🇨🇳 FDI (YTD) YoY (JUL) due at 07:00 GMT (15min) Previous: -1.3% https://www.dailyfx.com/economic-calendar#2020-08-13
  • Emotions are often a key driving force behind #FOMO. If left unchecked, they can lead traders to neglect trading plans and exceed comfortable levels of risk. Read on and get your emotions in check here:https://t.co/eILWbFgHRE https://t.co/ePzB4BuL3s
  • 🇩🇪 Inflation Rate MoM Final (JUL) Actual: -0.5% Expected: -0.5% Previous: 0.6% https://www.dailyfx.com/economic-calendar#2020-08-13
  • 🇩🇪 Inflation Rate YoY Final (JUL) Actual: -0.1% Expected: -0.1% Previous: 0.9% https://www.dailyfx.com/economic-calendar#2020-08-13
S&P 500: Short-term Technical Update

S&P 500: Short-term Technical Update

2016-08-09 13:07:00
Paul Robinson, Strategist

What’s inside:

  • Market volatility remains subdued in light volume period of year
  • Short-term support and resistance levels outlined
  • Keeping trading light until good reason presents itself to trade more aggressively

Yesterday’s price action was subdued, unsurprising for a Monday this time of year. The calendar is light this week, and markets are headed for a choppy week of trading barring any unforeseen catalysts to jostle things up a bit.

The S&P 500 pulled back from a top-side trend-line running off the 7/14 peak, and is currently trying to make its way back higher off the 2174/78 support zone. Can the breakout following Friday’s big NFP print hold, or will it fold, leading to a false breakout? It certainly could and it would be consistent with how markets often act coming out of tight ranges like the one we saw to end July into August. A drop back below 2174 confirms a false breakout and a decline back towards the low-end of the range becomes the risk. Should support hold, then so does the market’s current upward bias.

Short-term levels to focus on: Resistance comes in at 2187, the upper trend-line, then the psychological level of 2200. Support between 2174 and 2178, then the air pocket inside the trading range, with nothing substantial until the 2060/55 band.

S&P 500: Short-term Technical Update

Keeping trade size on the light side is a prudent way to approach this tape until we see reason to take on risk; something not likely to happen until we move past the next few weeks into the fall trading season. The S&P 500 Volatility Index (VIX) is hovering around two year lows - volatility is low.

Slow periods of trading are excellent times to review and sharpen your trading skills. Get started here with one of our free trading guides and also check out, “Traits of Successful Traders”.

---Written by Paul Robinson, Market Analyst

You can follow Paul on Twitter at @PaulRobinsonFX.

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


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.