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This summary was created by AI, based on 1 opinions in the last 12 months.

According to Jessica Inskip's technical analysis, the S&P 500 Index (SPX-I) is currently experiencing increased volatility, influenced by a strong job market and higher inflation rates. The recent post-election rally had pushed the index upward, but it has now closed below a critical support level of 5,850, finishing the week at 5,827, which raises concerns about a further decline. Analysts are particularly wary, as the next support level is identified at 5,783. The Ichimoku Cloud indicator suggests a bearish trend, indicating that the overall chart has turned negative. Inskip warns of the possibility that the index could retrace the entire post-election rally, bringing it closer to 5,783 and breaking below the 13-week moving average signifies weakening momentum in the market.

Consensus
Bearish
Valuation
Overvalued
Similar
DAX,DAX
DON'T BUY
technical analysis by Jessica Inskip re: volatility, strong job market and higher inflation

The post-election rally kept the S&P up, and Inskip was hoping it would remain above 5,850, a key level. It closed the week today at 5,827, crossing that support. Next level of support is 5,783. According to the Ichimoku Cloud, the S&P chart has turned negative, bearish. Inskip thinks we could roll back the entire post-election rally, taking us down to 5,783. The S&P broke below the 13-week average. 

BUY

For those starting with ETFs, he recommends a fully diversified portfolio. SPX is based in New York and VTI is for the total global market.

COMMENT
He bought an option on the S&P at 3,275 to March 2020 at an average cost of $19. Hold till November? He bought an option on the S&P. Interesting--you can exercise them early. 3,275 is an aggressive target to March 2020, but it could happen. Sure, hang onto November. He doesn't expect much time-value erosion till then. Has potential, but you have challenges making that money. He's prefer taking options if he was going long; it's less risky.
BUY
Despite it's assent is still very reasonable at the current price. He can't imagine a long term decline.
BUY
A very cheap way to play the US market.
TRADE
These options are European settled which means these options can't be excercised prior to maturity. This is the #1 option contract in the world.
DON'T BUY
Could reach $1,050 or drop to $830. May take a rest at this point. Risk/reward is 6/7% upside or 15% drop.
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S&P 500 Index(SPX-I) Rating

Ranking : 3 out of 5

Star iconStar iconStar iconStar empty iconStar empty icon

Bullish - Buy Signals / Votes : 0

Neutral - Hold Signals / Votes : 0

Bearish - Sell Signals / Votes : 1

Total Signals / Votes : 1

Stockchase rating for S&P 500 Index is calculated according to the stock experts' signals. A high score means experts mostly recommend to buy the stock while a low score means experts mostly recommend to sell the stock.

S&P 500 Index(SPX-I) Frequently Asked Questions

What is S&P 500 Index stock symbol?

S&P 500 Index is a OTC stock, trading under the symbol SPX-I on the (). It is usually referred to as or SPX-I

Is S&P 500 Index a buy or a sell?

In the last year, 1 stock analyst published opinions about SPX-I. 0 analysts recommended to BUY the stock. 1 analyst recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for S&P 500 Index.

Is S&P 500 Index a good investment or a top pick?

S&P 500 Index was never recommended as a Top Pick on Stockchase. Read the latest stock experts ratings for S&P 500 Index.

Why is S&P 500 Index stock dropping?

Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.

Is S&P 500 Index worth watching?

1 stock analyst on Stockchase covered S&P 500 Index In the last year. It is a trending stock that is worth watching.

What is S&P 500 Index stock price?

On , S&P 500 Index (SPX-I) stock closed at a price of $.