S&P 500
Delayed USA - 01/17 10:47:19 pm

-0.1% in early trade

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10/20/2016 | 09:30 am
Opinion : Check out the trading range breakout 2120 / 2170 
After closing up 0.23% at 2175 points yesterday, the S&P 500 should open lower by -0.1%.

Today, the release of weekly unemployment claims came out at 260K VS 251K expected and Philly Fed manufacturing index at 9.7 (5.2 the last time). Furthermore, no change with the ECB's rate.

Technically, the index is expected to test today the higher limit of its trading range located at 2150 points. The breakdown of that threshold militate for the beginning of a more pronounced trend towards the 2161 point and 2169 points by extension.
Patrick Rejaunier
Zonebourse.com 2019
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