I applied the Parabolic SAR on the S&P 500 daily chart today. It looked quite similar to the times from January, 2020 to February 19, 2020. Based on the patterns from the past few years, when Parabolic SAR turns green, the index rises between 100 and 300 points. Each period…
Month: February 2021
An Excel Forecast: Can S&P 500 Monthly Closes Predict the Future?
Out of curiosity, I was thinking if Excel could forecast the stock market. We know Excel’s Forecast is a function of making predictions by using the historical data and analyzing trends. Can the S&P 500 historical data shed some light on the future? Maybe or maybe not. I would like…
S&P 500 V.S. U.S. Dollar Index Forecast: A Reversal?
The 2-year chart below compares the S&P 500 index to the US Dollar index, and one thing is clear: when one goes up, the other goes down-except that one followed the other between 1/31/2020 and 3/9/2020. The USD and the S&P 500 generally move in opposite directions. S&P 500 stocks are…
S&P 500 Projection – 4063
Yesterday, I did a February projection on the S&P 500 – between 3862, a 4% gain from the January close, and 3899, a 5% gain from the January close. Today, the index hit the high of 3894 before it closed at 3886. The 5% projection is based on the historical…
S&P 500 Analysis and Forecast February 2021 – 3862.80 to 3899.95
Based on the monthly statistics since 2010, S&P 500 typically closes within +5% / – 5% of the previous month close. S&P 500 closed at 3714.23 in January. Therefore, the projected February targets would land on 3682.80, a 4% gain, or 3899.95, a 5% gain. This does not mean the…