S&P 500

Delayed USA - 09/19 05:17:13 pm

Attempted bullish eviction

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09/05/2019 | 08:11 am
Opinion : Bullish above 2840 
Target price : 3025 
American indices are driven by calmness in trade negotiations. The SP500 has taken the opportunity to rebound by 3% since the recent low of August 23.
The values that drive the index up are in the majority. Nevertheless, some sectors stand out ostentatiously, such as semiconductors, which gained 8.5% over the same reference period. Seagate Technology (+10%) and Lam Research (+9.5%) are the main contributors to this sectorial movement.

Graphically, in daily data, prices attempt to extract beyond the 2955 point resistance. A confirmation of the graphical overtaking would pave the way to the recent historical highs at 3025 points. On the other hand, a return under the lower bound would replace the index in the trend of lateralisation set up over the last month with 2840 points as support.
Patrick Rejaunier
Zonebourse.com 2019
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