SP500 INDEX – 26 February 2021

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We talk today of Sp500 because the market touched this morning a very important first support:
3,790.
Our analysis tells us a possible rebound from this level. BUT IN CASE OF BREAKING with high volumes possible targets on downside will be:
3,720 and then more likely 3,660
Our trading system is 30 pct short with an increase of short with a DAILY closing below 3,780
On upside resistance at 3,950.

On the long term (monthly chart from 1995 to date) we stress that we had a “9” setup given from DEMARK model. Usually a correction phase happens after this signal. We can really test in the month of march the strength of the stock markets: if breaks on the upside 3,960 the stock market will go up for more months to come; otherwise a correction of at least 1-2 months will be likely down to 3,640 then 3,500.
THEREFORE ANY BREAKING OF THE LEVELS SIGNALLED ABOVE COULD BE A CONFIRMATION OF forthcoming MARKET WEAKNESS IN THE MEDIUM TERM.

This communication is for informational purposes only. It is not intended as an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. All market prices, data and other information are not warranted as to completeness or accuracy and are subject to change without notice. Any comments or statements made herein do not necessarily reflect those of Aleph Finance, or its affiliates.

Aleph Finance is a trading name of UCapital Asset Management LLP.

UCapital Asset Management is authorized and regulated by the FCA – Financial Conduct Authority – with registration number 477155.
UCapital Asset Management LLP is authorized as third country firm without a branch by CONSOB with registration number 54.

Registered Company number OC333807.

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Registered Company number OC333807.

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Past performance is not a guide to future returns. The value of investments and any income from them is not guaranteed and may fall as well as rise and the investor may not get back the original amount invested.

Aleph Finance is a trading name of Pairstech Capital Management LLP.
Pairstech Capital Management LLP is authorized and regulated by the FCA – Financial Conduct Authority – with registration number 477155.
Pairstech Capital Management LLP is authorized as third country firm without a branch by CONSOB with registration number 54.
Registered Company number OC333807.

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We draw your attention to the “Legal Documents” pages of our web site. This can be found at the top of each page. This section contains important information about the terms under which you use this web site, risk warnings and other important information. Please access and read this Important Information section.
Past performance is not a guide to future returns. The value of investments and any income from them is not guaranteed and may fall as well as rise and the investor may not get back the original amount invested.

Aleph Finance is a trading name of Pairstech Capital Management LLP.
Pairstech Capital Management LLP is authorized and regulated by the FCA – Financial Conduct Authority – with registration number 477155.
Pairstech Capital Management LLP is authorized as third country firm without a branch by CONSOB with registration number 54.
Registered Company number OC333807.

For further information, please read our Legal Documents.

Decline