S&P 500 Daily Market Forecast

The S&P 500 rallied strongly from the intraday lows to close above the Quantopolis Bear Market Indicator. In addition it also avoided the notorious death cross, when the MA(50) falls below the MA(200). Although like any other indicators, these indicators are in themselves meaningless, they can become a self-fulfilling prophesy if enough people believe in them. We will carry our open positions overnight and see what happens tomorrow. For more information about the Quantopolis Bear Market Indicator and how to trade pullbacks in the S&P 500 with more than 80% success rate please visit Quantopolis.com.