Roger Scott’s Controversial Q2 S&P 500 Forecast Goes Live Today
The S&P 500 is on a cautious quest for a solid bottom. After several volatile days, price action indicates that the market is testing key support levels before a possible reversal.
We are watching for lower lows that could signal the final leg down before the index fills the gap left by prior sell-offs.
The current trading range reflects a market hesitant to break free from its downtrend. Analysts note that the S&P 500’s recent moves have been characterized by a series of lower lows amid sideways action.
This has led to speculation that a gap fill could be on the horizon if support fails. The market remains sensitive to economic data and the upcoming economic calendar events, including next week’s CPI and PPI inflation numbers.
These events may spark further volatility and determine whether the current support levels hold.
Technical Insights
Looking at the technical picture, the S&P 500 is under close watch around the July high — a critical support area. A drop below this level would be a red flag and could result in the gap being filled during after-hours or even over the weekend.
We are tracking key indicators such as volume and momentum to gauge whether the index will bounce from this support or dive further down. The possibility of a gap fill represents a tactical opportunity for traders to reassess risk and potentially capture short-term movements in the market.
It’s important to note that while a gap fill might be a reversal trigger, sustained change will require confirmation from broader market activity. Sectors such as Financials (XLF) and Technology (XLK) continue to play pivotal roles in the overall trend.
Traders must remain cautious and respect established support levels, as failure to hold these could reset the market’s trajectory.
In these uncertain times, our focus is on disciplined technical analysis. Watching for a decisive move above the July high has become critical — not just to confirm a trend reversal but to provide a clear signal for potential buying opportunities.
Until this happens, the S&P 500 remains in a state of suspended action. The bottom may be near, and if it holds, this could set the stage for a more robust recovery in the months ahead.
We will continue to monitor key price levels and adjustments in market sentiment as new data emerges. For now, traders should keep an eye on intra-day patterns and be prepared for swift moves either way.
Stay tuned for further updates as we continue to hunt for the market bottom.
Jeffry Turnmire
Jeffry Turnmire Trading
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Roger Scott’s Controversial Q2 S&P 500 Forecast Goes Live Today
Roger Scott is revealing his controversial S&P 500 forecast that contradicts what most analysts are telling you about Q2.
The same institutional tracking method that’s delivered a 94.1% success rate across 300+ winning trades has uncovered major Q2 opportunities for the quarter ahead that most investors are missing.
