Trade in focus: S&P 500

Equities 1 minute to read

Michael McKenna

Head of Editorial Content, Saxo Bank

Summary:  Saxo's Trade Signals tool has identified a potential downside breakout in the S&P 500.


Saxo's Trade Signals tool has identified a potential downside break out of a rising channel formation in the US500.I, or S&P 500 index CFD. The tool gives a probability of 70% to this analysis, with this measurement evaluated against past performance over six months with respect to this pattern type.

(Disclaimer: past performance probability may not be indicative of future performance.)

The CFD traded at 2,830.56 as of publication, with Trade Signals identifying this move as having the potential to extend towards 2,818.57 in the coming nine hours. 

Source: Saxo Bank
US500.I (source: Saxo Bank)

Saxo Bank A/S - Representative Office
Boulevard Plaza - Tower 1
30th floor, office 3002
Dubai Downtown, Burj Khalifa area
Dubai
UAE

UAE

Trade responsibly
All trading carries risk. To help you understand the risks involved we have put together a series of Key Information Documents (KIDs) highlighting the risks and rewards related to each product. Read more

Saxo Bank A/S is licensed by the Danish Financial Supervisory Authority and operates in the UAE under a representative office license issued by the Central bank of the UAE.

The content and material made available on this website and the linked sites are provided by Saxo Bank A/S. It is the sole responsibility of the recipient to ascertain the terms of and comply with any local laws or regulation to which they are subject.

The UAE Representative Office of Saxo Bank A/S markets the Saxo Bank A/S trading platform and the products offered by Saxo Bank A/S.