S&P 500 could decline to 2350, says TheSteadyTrader.com
January 9, 2019 12:08 pm
As 2019 gets underway, Serge Berger from TheSteadyTrader.com provides us with his technical analysis on the S&P 500, gold, gold miners and the Nasdaq biotech sector. Berger says the index could re-test the recent lows and that a decline down to 2350 is not out of the question. Meanwhile, Berger says gold is likely to push higher from here.
We provide fast and flexible access to over 15,000 financial markets – including indices, shares, forex and commodities – through our award-winning range of platforms and apps.
Established in 1974 as the world’s first financial spread betting firm, we’re now the world’s No.1 provider of CFDs and spread betting* and a global leader in forex. We also offer an execution-only share dealing service in the UK, Ireland, Germany, Austria and the Netherlands. We have recently launched a range of affordable, fully managed investment portfolios, to provide a comprehensive offering to investors and active traders.
Through our low fees and smart price-sourcing technology, we help traders keep their costs down.
Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 81% of retail investor accounts lose money when trading spread bets and CFDs with this provider†. You should consider whether you understand how spread bets and CFDs work and whether you can afford to take the high risk of losing your money. Professional clients can lose more than they deposit.
* Based on revenue excluding FX (published financial statements, February 2018).
As 2019 gets underway, Serge Berger from TheSteadyTrader.com provides us with his technical analysis on the S&P 500, gold, gold miners and the Nasdaq biotech sector. Berger says the index could re-test the recent lows and that a decline down to 2350 is not out of the question. Meanwhile, Berger says gold is likely to push higher from here.
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We provide fast and flexible access to over 15,000 financial markets – including indices, shares, forex and commodities – through our award-winning range of platforms and apps.
Established in 1974 as the world’s first financial spread betting firm, we’re now the world’s No.1 provider of CFDs and spread betting* and a global leader in forex. We also offer an execution-only share dealing service in the UK, Ireland, Germany, Austria and the Netherlands. We have recently launched a range of affordable, fully managed investment portfolios, to provide a comprehensive offering to investors and active traders.
Through our low fees and smart price-sourcing technology, we help traders keep their costs down.
Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 81% of retail investor accounts lose money when trading spread bets and CFDs with this provider†. You should consider whether you understand how spread bets and CFDs work and whether you can afford to take the high risk of losing your money. Professional clients can lose more than they deposit.
* Based on revenue excluding FX (published financial statements, February 2018).
† For the 12 months preceding 1 January 2019.
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