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Market Updates

S&P 500

August 3rd, 2017

The S&P 500 is showing a strong advancement with its rising trend channel. This index has support at 2451. RSI is overbought. This shows a positive momentum upwards, but we may see a slight consolidation before a possible higher trend continuation. The index is considered strong until the RSI declines. The RSI shows a rising trend, which confirms the upward trend.

Wealth Management Companies - S&P 500 8-3-17 Graph IMG

Ethan Heisey

Intern for DJWMG

 

The S&P 500 is an unmanaged index of 500 widely held stocks. Past performance may not be indicative of future

results. It is not possible to invest directly in an index. Opinions expressed are those of the author John N. Lilly III, and not necessarily those of Raymond James. The information contained was received from sources believed to be reliable, but accuracy is not guaranteed. Investing always involves risk and you may incur a profit or loss. No investment strategy can guarantee success. The charts and/or tables presented herein are for illustrative purposes only and should not be considered as the sole basis for your investment decision.

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