S&P 500 : Good opening disposition
Bullish above 2822 PTS
Target price: PTS
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Awaiting progress on the US trade and employment data front next week, the S&P500 is expected to continue its rebound from the previous day and open up 0.35%.
The US index closed on a gain of 1.1% to 2878 points yesterday, after D. Trump's reassuring words, which referred to the imminent resumption of trade negotiations with China for an agreement
On the statistical side, traders expect the Case Shiller index of house prices at 3pm and the Richmond manufacturing index at 4pm, as well as the Conference Board index, expected at 129.3.
Graphically, the S&P500 is in the technical recovery phase and could test the 2894-point zone today. Only exceeding this level would militate in favour of continuing the movement towards 2920 and then 2944 points
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