All eyes on today’s S&P500 close

View Comments

The market will be closely watching the S&P500 close today to see if we can close at all time closing highs. The previous record closing high was 1669.16 from May 21 and after having recently traded above this level the index was last 1668.63.

Equity markets have received a boost after Ben Bernanke reassured markets that monetary policy would remain accommodative for the time being.

Author: Kyle Shortland

Kyle Shortland has nearly 20 years of investment management and financial markets experience and currently produces Asian FX technical analysis for MNI. Before joining MNI Kyle spent 3 years as a Foreign Exchange Analyst for Thomson-Reuters IFR Markets product. Kyle’s previous roles included tactical asset allocation and the development and management of model equity, commodities and foreign exchange portfolios for various Australian banks and funds. Kyle originally gained his experience in the FX markets as a spot trader with Colonial State Bank in Sydney Australia. Kyle holds a Masters of Applied Finance degree from Macquarie University, and a Bachelor of Commerce degree from Newcastle University.


All|Americas|Market Rumors|Regions

S&P500|US Equity Markets

Kyle Shortland


  1. I think the more important level is 1,685.75, the recent high in the S&P 500 futures. That and 1,700 (big round figure) will be tough.

  2. last word on BB before i take my meds, Kyle………if anyone was really wondering if the FED has QE targeted at raising employment numbers then Santelli does make the case pretty simple.

    check out the chart comparing corp profits to the percentage of the US population with a job

  3. 100% a valid reason and Bernanke actually said that the 6.5% rate may not be a good view of the employment market. He may be hinting that policy could shift toward the U6 rate or toward the labor force participation rate in the coming future. Two things to watch there in respect to their divergences with the regular unemployment rate.


© Copyright 2015 ForexLive™  |  Advertise With Us  |  Login To Comment  |  Sitemap

HIGH RISK WARNING: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all of your initial investment; do not invest money that you cannot afford to lose. Educate yourself on the risks associated with foreign exchange trading, and seek advice from an independent financial or tax advisor if you have any questions.

ADVISORY WARNING: FOREXLIVE™ provides references and links to selected blogs and other sources of economic and market information as an educational service to its clients and prospects and does not endorse the opinions or recommendations of the blogs or other sources of information. Clients and prospects are advised to carefully consider the opinions and analysis offered in the blogs or other information sources in the context of the client or prospect's individual analysis and decision making. None of the blogs or other sources of information is to be considered as constituting a track record. Past performance is no guarantee of future results and FOREXLIVE™ specifically advises clients and prospects to carefully review all claims and representations made by advisors, bloggers, money managers and system vendors before investing any funds or opening an account with any Forex dealer. Any news, opinions, research, data, or other information contained within this website is provided as general market commentary and does not constitute investment or trading advice. FOREXLIVE™ expressly disclaims any liability for any lost principal or profits without limitation which may arise directly or indirectly from the use of or reliance on such information. As with all such advisory services, past results are never a guarantee of future results.